- Posted on March 21, 2017
- by Admin
Return of Premium or Level Funded Premium Plans can greatly benefit organizations with below-average claims by rebating or crediting unused funds. Offering such a plan can broaden your portfolio of benefits products, helping you and your clients to remain competitive in an ever-tightening marketplace.
Important aspects of this type of plan:
- It can be used with self funded plans, ASO plans, even with as few as ten participating employees.
- It can be a very good option for businesses which do not incur many insurance claims.
- Monthly payments stay the same (level).
- If claims are less than the funded amount, employer can receive a rebate or credit
For more information on this and other innovative benefits programs, contact us.