Level Funded Premium A simple, predictable funding solution for large business employers
Selecting the right funding option for your company is a big responsibility. There are many factors to consider and options to choose. Are you looking for a simple solution to self-fund your medical plan? One that gives you predictable and easy-to-budget costs? One that limits your financial exposure? Then Level Funded Premium may be right for you.
What you can expect
- Predictability: You'll have consistent payments month over month – no surprises
- Savings: With a positive claims experience, you could benefit from a settlement refund at the end of the plan year
- Simplicity: Choose any of Humana's standard plans and avoid dealing with customized benefits
How it works
Level Funded Premium is available with a unique type of self-funding to groups with 100 to 300 eligible employees. It can increase your cash flow through fixed monthly payments – giving you consistent and easy-to-budget cost.
Fixed monthly payments cover:
- Administrative fees
- Stop-loss premium
- Claims funding
Level Funded Premium also limits your financial exposure to unforeseen costs. Because of the self-funded features, Humana will take care of any claims that go over the stop-loss limit. And, if your annual claims total is less than your funded amount, you'll receive a settlement refund at the end of the plan year.
You will also receive detailed monthly reports to help you manage your employee's benefits.