Level-Funded Health Plans
Predictable, cost-effective health plans for businesses, combining self-funding benefits with fixed monthly fees.
Executive Summary
Level-funded health plans by Sana Benefits offer a hybrid approach to health insurance, blending the cost-saving potential of self-funding with the financial predictability of fully-insured plans. Employers pay a consistent monthly fee that covers estimated claims, administrative costs, and stop-loss insurance, which protects against high-cost claims. This model is particularly beneficial for small to mid-sized businesses seeking to provide comprehensive health coverage while managing expenses more effectively than traditional fully-insured options. The fixed monthly payments provide budget stability, making healthcare costs more predictable for businesses. A key advantage of Sana's level-funded plans is the potential for shared savings; if actual claims are lower than the projected amount, employers may receive a credit or refund, a benefit not typically available with fully-insured plans. This incentivizes healthier employee populations and offers a direct financial return. Sana Benefits leverages this level-funded structure to deliver transparent pricing and various cost-saving tools, aiming to make quality health benefits more accessible and affordable. The solution is designed to simplify benefits administration for HR teams while offering employees robust coverage and dedicated support.
Use Cases
- Small to mid-sized businesses seeking more affordable health insurance options.
- Companies looking for predictable monthly healthcare costs without the full risk of self-funding.
- Employers wanting to offer flexible health benefits while potentially sharing in claims savings.
- Businesses aiming to reduce healthcare expenses compared to traditional fully-insured plans.
Features
Support
- Dedicated Support Team: Access to a dedicated team for assistance with plan administration and member inquiries.
Technical Specifications
- Deployment
- SaaS
- API Available
- No
Pricing
- Model
- Fixed monthly premium with potential for shared savings
- Starting Price
- Contact sales
- Target Customer
- SMB,Mid-Market
- Contract Type
- Monthly
About Sana Benefits
Sana Benefits is a HealthTech company that provides small businesses with dependable, affordable health insurance and employee benefits. They offer comprehensive medical, dental, and vision plans, including level-funded options, to simplify healthcare for employers and employees.