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Level Funded
Healthcare Plans
Fully ACA-compliant health plans built on a self-funded chassis
JKB Consulting Group's Level Funded healthcare plans are created to limit maximum claims exposure for employees and the employer.
IMMEDIATELY REDUCE YOUR COST OF HEALTHCARE BENEFITS !
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No assessments (cash calls)
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Available for 2+ employees; 5+ employees census only underwriting
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If any expenditures in the claim fund are not used in a given year, they become available to the plan.
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We provide direct contracts with providers (eliminates a lot of the middle-tier providers) where you are contracting directly with doctors, facilities, and hospitals you actually use.
Census
Quote
48 Hours
JKB Consulting Group offers a national, tech-enabled commercial health insurance distribution platform focused on level and self-insured benefit programs for middle market employer groups nationwide.
JKB Consulting Group immediately saves mid-market businesses anywhere from $100,000 to $2 million plus per year on health insurance costs, while simultaneously improving employee benefits, EBITDA, debt ratios and exit valuations.
JKB Consulting Group works with many A-rated (AM BEST) national insurance carriers (medical stop loss & fully insured) to commoditize the commercial medical benefits sector nationwide.
Specialized
JKB Consulting Group is dedicated to helping middle market companies currently enrolled in group health insurance.
Innovative
Our customers leverage health programs with features often reserved for large corporations.
Top Quality
Working with major carriers with A- or better ratings gives our clients a comprehensive solution.
How does level-funded programs save your company money?
Health insurance costs for mid-sized businesses have increased dramatically, but innovative risk management insurance products can save you thousands per year.
Level-funded health programs resemble hybrids of traditional small group health plans and self-funded benefits programs. Here are a few reasons you’ll want to switch to a level-funded health insurance plan:
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Cash flow
Unlike self-funded plans, level-funded payments are spread evenly across a 12-month period. Predictable payments make cash management easier on any mid-sized business. Included stop-gap coverage protects against cost spikes.
Risk Assessment
Traditional group policies unfairly use a broad community group to assess risk, while level-funded programs evaluate only a company’s employee risk pool. The results are often lower risks and lower cost plans.
Annual Refund
Typically, one third of a level-funded premium is paid into a claims fund. Businesses get refunded any unused amount at the end of the year. Traditional plans keep all unused claims set-asides, forever.
Utilization Reports
Level-funded customers receive annual reports about plan utilization that identify areas of misuse or abuse. This gives businesses the opportunity to educate employees and further reduce costs.
Switch at any time
Level-funded programs meet Federal regulatory requirements and easily replace traditional plans. Better still it could save you money in as little as five days.
