Fully Insured Health Insurance
Nevont advises and helps businesses to create health insurance plans that are right for them. One of the most common types of health plan available is the fully insured health plan. But is the fully insured health plan the way to go for your business? Nevont can help you find out.
What is Fully Insured Health Insurance?
Fully insured health plans tend to be the most traditional employee health plan. In this type of health plan, your company will pay a premium to an insurance carrier.
In a fully insured health plan, the rates will be fixed for a year based on the number of employees you have. Fully insured policies are extremely predictable and secure.
Is This Insurance Structure Right for My Business?
Now that you have a bit of an idea as to what these plans entail, you may be wondering if this plan will is what your business needs.
If you want a simple, traditional health insurance plan, fully insured health plans will fit your company the best. It’s easy for financial planning because the rates are fixed. Also, the insurance company will assume all the risks so you won’t have to worry about that either.
Typically, medium-sized to larger companies will find a lot to like about this insurance structure. However, if you’re looking to save some money you might want to look into self-funded health insurance plans. Learn more about those here. If you’re a smaller company, you might want to consider a level-funded health insurance plan. Learn more about those here.
The fully insured health plan structure works best for large businesses who want a convenient, easy plan and one where they’re not assuming a lot of risk. You can always consult with the professional employee benefit advisement team at Nevont, to help you make this decision.
Contact Nevont Today
for More Information
If you’re looking for the right health insurance plan for your business, Nevont can help. We will work with you to provide you with the best plan possible. Pick a plan that is perfect for both your company and your employees. With our unbeatable customer service and our specialized expertise, we can guide you in the right direction. To learn more about the health insurance plans available and set up an appointment, contact us today.