Offering the advantages of self-funding to smaller and midsize clients
Many larger firms choose self-funded health plans for advantages like more cost control and tax exemptions. But for smaller and midsize businesses that lack a big workforce to absorb claims risk, self-funding may seem out of reach.
Level Funded health plans from UnitedHealthcare are built to help level the playing field – offering the advantages of self-funding but with safeguards for smaller groups.
The advantages of self-funding
Surplus refund potential
Level Funded plans are based on the medical and pharmacy claims of your client’s plan participants. So if they’re lower than expected, their health plan may get a surplus refund1 at year end.
Lower costs
Because Level Funded plans are a type of self-funding, your client’s business may be exempt from many Affordable Care Act regulations and state premium taxes.
More flexibility
Clients can choose from a variety of network and plan designs, including wellness programs and virtual care at no additional cost to them or their plan participants.
Plus built-in safeguards
More stability
Regardless of actual claims experience, plan sponsors pay a fixed monthly plan cost to help make budgeting easier, similar to a fully insured plan.
More protection
Stop-loss insurance is included to help protect your client’s plan from unexpected high medical and pharmacy claims.
Level Funded fast fact
51% of UnitedHealthcare Level Funded plan sponsors in the west region states* received a health plan surplus refund1 in 2021, the average of which was
$13,557 (2)
See why a Level Funded plan may be a better fit for your clients
Download the flier or reach out to your Rogers Benefit Group representative to learn more!
* West region states include AZ, CA, CO, ID, MT, NM, NV, OR, UT, WA, WY.
1 Please consult a tax and/or legal advisor to determine if, by receiving this surplus refund, there are any restrictions or obligations. Surplus refund available only where allowed by law.
2 UnitedHealthcare reconciliation analysis, Jan. 1, 2021 through Dec. 31, 2021.