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Security Health Plan introduces new plan option for employers

Security Health Plan is offering Wisconsin employers a new health plan option for 2021 that has a predictable monthly cost, opportunity for refunds, protection against catastrophic expenses and transparency on how dollars are spent. Level-funded plans are a hybrid of traditional fully-insured health plans and self-insured health plans.

“We’re really excited to bring employers this new plan option to help meet their insurance needs. Employers have many things to consider when selecting health insurance coverage for their employees,” said Security Health Plan Director of Sales Kara Johnson.

“Level-funded plans are a great option for small businesses with healthy employees. Not only do they get great coverage, level-funded plans also offer employers the opportunity for a refund at the end of the plan year. That’s something hard-working employers will feel good about.”
With level-funded health plans, employers with 10-100 enrolled employees contribute a set, or level, monthly cost. If employers claim costs are less than their contribution for the year, they may be eligible for a refund. This makes level-funding a great option for employers who have a healthy workforce and anticipate low claim costs.

Employees enrolled with a level-funded health plan will receive 100% coverage for unlimited Care My Way® visits to connect with Marshfield Clinic Health System nurse practitioners by phone, mobile app and online. This is a convenient, easy way to get care for many common health conditions without going to see a doctor.

Security’s level-funded plans also come with access to some of the best health care options in the region, including Marshfield Clinic Health System, Aspirus, Mayo Clinic Health System, and UW Health.

For more information on how level-funded plans can work for your business, call Security Health Plan’s Sales Department at 1-800-622-7790 or visit www.securityhealth.org/level-funded.