Level Funded Plus™ is powered by Great American—a Fortune 500 company that's been in the insurance business for over 150 years.
Since 1872, Great American Insurance has provided property and casualty insurance, focusing on specialty commercial products for businesses.
Radion Health is the exclusive managing general agent for Level Funded Plus with policies underwritten by Great American Insurance Company, rated “A+” Superior by AM Best.
A traditional self funded plan is an insurance arrangement for employer-sponsored coverage where the employer funds and administers all medical claims, typically with the help of a third-party administrator (TPA).
With a traditional self funded approach, an employer group may experience significant variation in spending from month to month due to shifts in healthcare utilization.
Employers assume this financial risk to achieve greater control over their plan design and cost containment strategies.
Level funding is a form of self funding, but instead of spending varying monthly, employers pay a predetermined amount to carriers who manage the plan, including claim handling, stop-loss insurance, and administration fees.
Level funding offers some of the independence and potential savings associated with self-funding without the variations in spending or administrative lift associated with traditional self funding arrangements.
For groups accustomed to fully insured health plans, level funding can be a great transition to self funding.
We use an underwriting process that focuses on the individual—not categorical data.
No tedious questionnaires. Answer a handful of questions and expect a quote in 0-3 days.
Give your groups the savings they deserve with access to high-performance local networks as well as RBP.
We credit all received drug rebates and price concessions to each group's claims fund.