While KB Benefits works with all of the insurance carriers that offer traditional fully insured programs, our expertise shines through in the world of underwritten plans.
Self funding is an approach to insurance that provides greater control over the healthcare experience than today's standard, fully insured health plans.
Unlike fully insured plans that offer zero transparency in their costs and efficiency while locking the plan sponsor (employer group) into one carrier's medical and pharmacy networks and administration, self funded plans are built from the ground up with full transparency throughout the process. Self funded plans allow for the "best of all worlds" in benefit design and program administration. These programs give the employer full control over their pricing and risk tolerance.
True self funding is not right for every employer group. Contact KB Benefits today for a no-cost evaluation.
Level funding is a derivative of self funding that caps the risk exposure of the employer group at the monthly premium equivalent while still accessing the "best of all worlds" benefit design and program administration. KB Benefits has found that this solution is a great one for small and medium sized businesses seeking innovation coupled with greater access in their healthcare offering.
As with self funding, level funding is not right for every employer group. Contact KB Benefits today for a no-cost evaluation.