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Plan Options
For Small Employers
Fully Funded Small Group
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Fully Funded
A fully funded small group health insurance plan is a type of health coverage where the employer pays the entire premium for the policy. This plan typically covers a small number of employees, offering comprehensive benefits such as medical, dental, and vision care. The employer assumes no financial risk associated with providing health insurance. The only financial risk for the employer is paying the premium. The insurance company assumes all the financial risk and costs with paying for healthcare. Fully funded plans often include a range of preventive services, ensuring that employees have access to necessary healthcare without additional out-of-pocket costs.
Level Funded Plans
Level Funded Plans
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Level funded plans are a type of health insurance arrangement where employers pay a fixed monthly premium to a third-party administrator, which then covers employee healthcare expenses. These plans combine aspects of both fully insured and self-funded plans, offering the potential for cost savings and flexibility in benefit design for employers while providing predictability in budgeting.
Aetna Level Funded Video
Anthem Level Funded Video
United Health Care Level Funded Video
ICHRA
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ICHRA
The Individual Coverage Health Reimbursement Arrangement (ICHRA) is a flexible health benefits solution introduced in 2020 that allows employers to reimburse employees for individual health insurance premiums and other qualified medical expenses. Unlike traditional group health plans, ICHRA enables employees to choose health plans that best meet their needs from the individual market, giving them more personalized coverage options. This arrangement can also be tailored to offer different reimbursement amounts based on employee classes, such as full-time, part-time, or seasonal workers, thus providing employers with a customizable approach to health benefits.
QSEHRA
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QSEHRA
The Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is a tax-advantaged benefit option for small businesses with fewer than 50 employees to reimburse employees for medical expenses and health insurance premiums. It allows employers to offer health benefits without providing a group health insurance plan, providing flexibility and cost control while enabling employees to access individual health coverage.
Questions? Visit the Consumer Questions Page For Clarification
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