Many medium and small-sized employers are choosing level-funded health plans as the insurance coverage for their employees. Elan SmartCare is a comprehensive level-funded solution that offers market-leading discounts to small and mid-sized employers. SmartCare is a one-stop solution that offers a top-quality, focused provider network, critical stop loss coverage, and comprehensive third-party administration services.

Sometimes referred to as “partial self-funding,” level funding is a unique insurance option that helps to keep health insurance costs down. Level funding allows employers to ease into the world of self-funding while maintaining some aspects of the fully insured model. With a level-funded plan, an employer pays a health insurance carrier the same monthly amount to cover the estimated cost for expected claims, the premium for stop-loss insurance that covers health care costs over asset dollar amount, and plan administration costs.

Elan SmartCare’s level-funded plans allow significant discounts on premium prices. It is unique because it removes speculation about a possible surplus when compared to other ASO funding methods and it guarantees upfront savings to employers and their employees. Our pricing is based on experience, plan utilization patterns, and market dynamics, enabling us to deliver on-target premium costs that benefit employers with significant savings over other insurance options.

Knowing your workforce demographics inside and out will help you choose the best level-funded plan for your employees. Some key questions to ask:

• Can you withstand high stop-loss premiums if high-cost claims are the norm?
• Is your workforce the right size for a level-funded plan?
• Is your workforce relatively young and healthy, or older with increasing health issues?
• Do you have a trusted broker or third-party administrator that can help guide you when deciding on the type of insurance coverage to offer your employees?

Employers who choose Elan SmartCare enjoy more predictable expenses, making budgeting and cash flow projects easier. In addition, employers receive actionable reports on utilization and claims.

If you are a small or mid-sized business, we encourage you to consider Elan SmartCare as the insurance coverage of choice for your employees. SmartCare’s level-funded solutions deliver a transparent, all-inclusive model that eliminates price shock for plan sponsors by locking in rates for two years. They also provide comprehensive stop-loss coverage and out-of-market coverage options are also available.

To find out how SmartCare level funding plans can benefit you and your employees:

www.smartcare.insure
omar.a.haedo@elan.insure