Cigna Level Funding and Graded Funding

Self-funded health insurance plans (a.k.a. “self-insured plans”) have been available to “big business” for decades. In this new age of health insurance for employers, several of the health insurance giants in North Carolina, including Cigna Level Funding and Graded Funding – are offering this wonderful employee benefit – to smaller employers – with as few as 10 employees!

Now, even very small businesses can enjoy the many advantages of self funded health insurance!

Cigna is a pioneer in creating self-funding options for companies with fewer than 250 employees. Their self-funding solutions give companies the opportunity to understand and better manage health care expenses and save money when claims are lower, as well as stop-loss insurance protection for unexpected large claims.

There are two Cigna Self Funded Health Insurance options:

• Cigna Level Funding ^SM – Financial predictability of fixed monthly payments. Plus, you can potentially receive a credit to put toward future health plan costs, if actual claims are lower than expected at the end of the year.
• Cigna Graded Funding ^SM – You can pay as you go for actual claims. If claims are lower than predicted, your business can save. If claims are higher than predicted, stop-loss insurance can limit your company’s financial exposure.

Choosing to implement a Cigna self funded health insurance plan should not be taken frivolously. However, cost-savings could be very substantial, so take the opportunity now to learn more!

It is very important to perform a risk flow and cash flow analysis to be able to determine whether your company is ready to self-fund. Whatever decision you want to make, ensure you have an expert employee benefits agent to tackle this strategically smart venture.

Talk with THE expert employee benefits agents: WNC Health Insurance – small business health insurance consultants since 1994. Call Now: 828-681-8223