LEVEL FUNDING 

Is a level funded plan better for you? With a fully-insured plan, all of the risk is carried by your insurance carrier. The carrier also sets the fee for coverage based on their calculations and approved rates from DOI. (Department of Insurance)

The old way for self-insured plans the risk would be fully funded by the employer or organization and is generally considered too risky for an organization with too few employees or members for obvious reasons. Beyond a certain preset amount the employer will be obligated to pay up to their stop-loss limit. Risk is best managed within large numbers of covered participants.

Level funding takes that worry away, because for the full twelve months plan year, the premium WILL NOT change. Upon renewal, in a bad health year, the premiums could rise significantly so moving back to fully insured could be an answer or not. The Jones Agency will complete that analysis well before that time comes. Innovation is the key, level funding could bring you premium stability for years to come.

Wellness is good for business – Healthy employees are productive employees

A sensible wellness program for your organization can be beneficial for everyone involved.

Reduces claims cost and keeps employees healthier

Lower costs for risk management with reduced insurance costs

Reduced absenteeism and presentism

Improved overall lifestyle satisfaction

The Jones Group works with client companies, exploring the benefits and possibilities of how a sensible Wellness Plan can achieve improvement in overall performance, reducing costs, increasing profitability and the bonus is the distinct gain in personal lifestyle satisfaction for all participants.