In today’s competitive healthcare landscape, businesses are constantly looking for cost-effective ways to offer quality health benefits.  Traditional fully insured plans often come with rising premiums, little transparency and no opportunity for cost savings, making it essential for agents to explore alternative solutions.  Level-funded health plans have emerged as a leading option, offering employers the cost predictability of a fully insured plan while providing the potential for savings if claims are lower than expected. As an agent, offering level-funded options is no longer just a value-add-it’s a necessity to remain competitive.  With more businesses seeking alternatives to traditional plans and more agents incorporating level-funded solutions into their portfolios, staying informed about these plans ensures you’re meeting client demands and standing out in the industry.  Here’s why level funding should be a key part of your group health strategy.     1. Cost Savings and Potential Refunds One of the biggest advantages of level-funded health plans is the potential for cost savings.  Unlike fully insured plans, where premiums are fixed and any unspent funds go straight to the insurance carrier, level-funded plans allow businesses to get money back if their claims [...]

As an insurance agent, you know that the language of insurance can be full of complex terms that leave clients feeling confused. Whether it’s explaining "deductibles," "premiums," or "exclusions," these concepts can be overwhelming for someone without a background in the industry. In this blog, we’ll explore how you can use clear, simple explanations of common insurance terms to empower your clients. By breaking down these terms in a way they can understand, you’ll help them feel more confident in their decisions and build stronger, trust-based relationships. Let’s work together to make insurance less confusing and more approachable! Here are some terms and definitions that are helpful to share with your clients:     Allowed Amount - The maximum payment the plan will pay for a covered health care service. Health care providers are permitted to charge other than this amount. A network provider agrees to accept the allowed amount as payment in full. Appeal - A request that the health insurer or plan review a decision that denies a benefit or payment (either in whole or in part). Balance Billing - When a provider invoices the member for [...]