Why Small Business Owners Should Offer Level-Funded Health Benefits

Open enrollment is just around the corner. There are many ways you can help your company operate more strategically and efficiently by opting for level-funded health plans. Not only does a level-funded health plan benefit employees, but you might find that there are plenty of ways these plans help you out as well.

Why should you, as a small business owner, offer level-funded health benefits? Here are a few reasons.

Protects Your Finances

• Level-funded plans protect your finances by shielding them from higher-than-expected claims. They give you peace of mind because you will never have to pay more than the agreed upon amount for funding the claims account.
• You don’t pay extra for benefits your employees won’t use.
• You save money by paying exact claims instead of inflated insurance premiums.
• Bonus: Unused claim fund money is returned to you at the end of a healthy plan year.

Protects You and Your Employees’ Health

• Level-funded plans protect your health by offering comprehensive benefits.
• As plan members, your benefits give you and your employees access to quality health care providers.
• Access to preventive care. When you and your employees are insured, all of you are more likely to take advantage of regular checkups and preventive care – often offered at no additional cost.

Protects Your Business

• Level-funded health plans protect your business by limiting your personal liability for medical costs.
• By offering a health care benefit, you have a better chance of hiring and retaining the best workers. Employer-sponsored group health plans are a valuable enticement in a total compensation package.

For more information, contact your agent and have them check out our Funding Advantage plan options at www.alliednational.com/level-funding.

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Allied National

Founded in 1970, Allied is one of the nation's oldest and most experienced third-party administrators. As the small group benefit experts, Allied works with small business employers to provide unique and affordable group health benefits.