GROUP

Level Funded

Plans

What are Level Funded Plans?

A level funded plan is a hybrid between full insured and self funded plans. This plan involves the employer contributing to a fixed monthly payment to an insurance agency or third-party administrator (TPA) to cover the costs for administration fees, claims payments, and stop-loss insurance. Stop-loss insurance protects the company from medical claims that are higher than expected. That way, employers won’t have to worry about paying more than the amount put into their healthcare account per year. If the total claims costs were higher or lower than expected in a year, the TPA will make the appropriate adjustments, either in the form of a refund to employers for lower claims, or a premium increase when renewing the stop-loss insurance for higher claims.

Level funded plans are a suitable option for employers who are interested in the self funded insurance model while still maintaining some predictability of fully insured plans with stop-loss coverage. At RVP Insurance, you can lessen the hassle of providing the optimal healthcare your employees need. Our level funded plans come at cost-effective rates that already include everything required to get started, from professional guidance and insurance plan administration down to the maximum claims pre-funding. All these can help you save money and lessen your risks as an employer while still being able to protect your employees and provide great value for healthcare.

The Types of  Full Insured Plans

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  • Predictable Expenses

    Employers will still be able to keep the predictable expenses that are experienced from full funded insurance without having to spend money on unused benefits. There is also a chance of receiving a surplus refund in case the annual healthcare claims were lower than expected at the end of the level funded plan year.  

  • Limited Financial Risk

    In case of catastrophic expenses from medical claims, level funded plans include stop-loss coverage so employers won’t have to pay more than expected. Employers will still get more control over the costs of claims and provide quality health benefits to employees without having to worry about going over budget on their healthcare trust fund. 

  • Lower Administrative Costs

    Insurance agencies like here at RVP Insurance will cover all the administrative tasks at a lower cost, as the fixed monthly fee already includes everything necessary for the level funded plan, from the TPA to stop-loss duties. You can leave it to the hands of your chosen insurance agency while you can focus on other aspects of the business.  

  • Flexible and Tailored Benefits

    Here at RVP Insurance, we can help customize the options based on the budget of employers and the specific coverage based on employees’ needs. You may even include more benefits from premium insurance carriers, including telemedicine, mental healthcare, maternity care, and physical wellness, among other features. 

  • Receive Data and Reports

    Employers who avail of level funded insurance plans can receive complete monthly data reports so they can better understand the health services their employees used and what changes can be made for more cost savings. The reports will include details pertaining to the utilization of prescription drugs, the number of emergency room visits, and virtual healthcare usage, among others.

Other Available Group Insurance Plans

Full Insured Plans

Reduce the risk when it comes to your employees' medical claims by availing of a full insured plan here at RVP Insurance. We can tailor a comprehensive insurance plan that covers basic healthcare needs, ranging from vision, dental, prescription drugs, preventative care, primary and specialty care, hospital services, emergency services, maternity care, cancer care, and more.

Self Funded Plans

Get more control and flexibility over your company’s healthcare budget by funding your employees’ group health insurance on your own – With the help of a trusted insurance agency like us at RVP Insurance. We take the stress out of self funded insurance by processing claims and handling customer service, among other administrative tasks.

Supplemental Insurance

Make sure your employees get an extra level of protection with supplemental insurance here at RVP Insurance. These insurance plans will ensure that your employees are taken care of, even with the accidents or illnesses not covered by their current health insurance plan.

Why Choose RVP Insurance?

Ruth Phegley, the owner of RVP Insurance, has over 30 years of experience in group health insurance. Our team of trained insurance agents shares the same dedication as Ruth to learn about your company's current situation and educate you about the different health insurance products that will suit specific needs. It doesn't matter how small or large your company is, we will be able to accommodate your employees' needs as if they were our own, because we believe that everyone in a company deserves adequate healthcare to keep them safe and protected from accidents or illnesses, without negatively affecting the company’s financial status.


You can expect our professional consultants can help you study the data, determine your company’s strengths and weaknesses, and provide recommendations on what health insurance plan will suit you and your employees the most, lessening the stress and frustration of searching for affordable health insurance customized to your employees’ lifestyles. Contact us now to learn more about level funded plans and how they can work for your business.

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