Level Funded Programs

Our Level funded programs pay back employers on good years, and help employees be better consumers of insurance

Level funding can be an attractive option for companies for 5 or more employees. With level funding you are actually self-insured, but pay a "level" or steady fee each month. You get the regular and predictable cost of a fully insured plan, but because you’re actually self-insured, you only end up paying for the healthcare costs actually incurred by your employees.

Cost savings through our level funded programs include:

  • Savings Average 26.7-31.9%
  • 74% of members reduced or eliminated out-of-pocket costs
  • 18-22% reduction of prescription drug costs
  • 27% of average savings on Claims beginning Year 1 through Year 3

Beyond cost savings, our level funded plans can provide additional perks including member advocacy, client advocacy, plan advocacy, health management, pharmacy beneit manager, doctor and hospital network, and stop loss programs.

  Traditional Level Funded
Claims Administration Included Included
Member Advocacy Added Cost Included
Client Advocacy Added Cost Included
Plan Advocacy Added Cost Included
Wellness Added Cost Included
Pharmacy Benefit Manager ???? Included
Doctor and Hospital Network ???? Included
Insurance/Stop Loss ???? Included

Member Advocacy

Employees are increasingly frustrated with Healthcare. They find it difficult to navigate because of terminology, confusing forms and process, which makes consumer advocacy very difficult. Our level funded programs includes a team of experts that will coordinate services for the members and pro-actively save them time and money. These services include, but are not limited to:

  • Helping employees understand how to use their benefits to obtain high-quality healthcare
  • Assisting with reducing or eliminating their out-of-pocket costs
  • Providing benefits education prior to enrollment and throughout plan duraction
  • Providing transparency in network quality and cost options
  • Advocating for resolution of any billing issues
  • Helps them in selecting in-network providers who match their clinical needs
  • Assists with pharmacy-mail order programs

In short, the member advocay program provided though our level funded option teaches your employees to be better consumers of insurance.

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ThinkTank Insurance Partners, Inc.
18521 Spring Creek Rd Unit B.
Tinley Park, IL 60477
(708) 277-9023

© 2020 ThinkTank Insurance Partners, Inc.