Group Insurance
Group Insurance
Fully Funded Plans
Fully funded group health insurance plans are traditional employer-sponsored health plans where the insurance carrier assumes the financial risk for employees’ medical claims. The employer pays a fixed monthly premium, making healthcare costs more predictable and easier to budget.
Predictable monthly premiums
Insurance carrier assumes the claims risk
Easier administration
Access to established provider networks
A good option for businesses that prefer predictable healthcare expenses
Group Insurance
Self-Funded Plans
Self-funded group health insurance plans allow an employer to pay employees’ medical claims directly rather than paying a traditional fixed premium to an insurance carrier. Employers typically use a third-party administrator (TPA) to manage claims and purchase stop-loss coverage to help protect against large or unexpected claims.
Potential for greater cost savings
More flexibility in plan design
Greater transparency into healthcare spending
Employers may benefit from lower-than-expected claims
Stop-loss coverage can help limit exposure to large claims
Group Insurance
ICHRA (Individual Coverage Health Reimbursement Arrangement)
An ICHRA is an employer-funded health benefit that allows businesses to reimburse employees for individual health insurance premiums and, when properly structured, other eligible medical expenses. It gives employees greater flexibility to choose an individual health plan that fits their needs.
Gives employees more health plan options
Can be a cost-effective benefit for businesses
Claims do not impact premiums
Employer contributions will get tax advantages for the business
Employers can set a defined contribution amount, helping provide predictable benefit costs
Group Insurance
Small Business Group Insurance
Small businesses with fewer than 50 employees may have several options for offering health insurance, depending on their needs, budget, and eligibility. We recommend to schedule call to discuss your options
Choosing the right option can help a small business provide competitive employee benefits while managing costs and administrative responsibilities.
Get in Touch
Phone
Office
119 N Donalson St Bainbridge GA, 39817
Hours
Mon - Fri: 9:00 AM - 5:00 PM
Sat - Sun: Closed