a level premium indicates This is a topic that many people are looking for. newyorkcityvoices.org is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, newyorkcityvoices.org would like to introduce to you What is a Level-Funded Premium? Humana. Following along are instructions in the video below:
” s question is what is level funded npremium and how can it apply to your your business. The simple answer is it s an easy way for nyou to pay your company s medical plan. It helps you stay on budget because you pay nthe same premium every month for the plan year that s where the level part of the name comes nin. This level funded premium is available with nself funded type plans also called aso or administrative service.
Only plans this aso option used to be available only nto big corporations. But now humana is offering an aso option to businesses with as few as n10 employees. It s an option for businesses whose employees ndo. N t make a large number of health insurance claims for many businesses.
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It could be a great way nto lower their health insurance costs by saving on claims expenses with level funded premium humana takes care nof. The administrative part of the plan things like handling the paperwork for your nemployees claims and paying the hospitals. Doctors and specialists. Let s look at an example that can make it neasier to understand take our friend.
Steve steve used to be an executive at a large corporation. He saw first hand how an aso plan worked then a few years ago. Steve decided to leave nthe corporate world to fulfill his dream of owning a chain of fitness centers. Steve worked hard and his fitness centers nbecame.
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A big success today. He has about 100 employees working nfor him recently steve noticed something about his nhealth plan the amount of money. He was paying in premiums nwas more than the amount of claims. His employees were making.
He was losing money on his company s health ninsurance. So steve s insurance broker suggested. Switching nto. A humana plan with level funded premium.
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The plan offered many benefits for steve s nbusiness first steve knew his premiums would stay nthe same month after month. Making his budget planning. Easier second he could still offer humana standard nhealthcare plans to his employees and third. And most important.
If steve s ncompany s claims are less than the funded amount he gets a refund or if claims go over steve s protected humana will pay for claims over the stop loss nlimit in summary steve could sit back and relax nknowing. He finally found the right health plan for his employees. He could rest easy knowing his premiums were nthe same each month and humana made it easy by administering. His plan and best of all he could lower his healthcare ncosts.
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Maybe. It s time you called your humana. Broker nto. Ask about level funded premium for your humana.
Health plan. It could be perfect for you too. ” ..
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