Level Funded Plans
Level Funding (Bridge Product)
BMA offers the ultimate product for employers seeking a simple way to move from a fully insured group health plan to the benefits of a traditional self-funded medical expense benefit plan.
Why a Level-funded Plan?
Level funding, also known as "The Bridge Product," is the ideal solution for employers who would like to transition to a self-funded program. Self-funded medical expense benefit plans provide stability while offering flexibility in developing cost saving benefit plan designs.
This product provides insurance coverage to cover the unexpected catastrophic claims incurred in a self-funded plan. Unlike traditional stop loss programs, Integrated Stop Loss Insurance is designed to give employers the benefits of traditional self-funding, while enjoying the ease, look and feel of a fully insured group health plan.
Download more details about BMA Level Funded Plans.
ERISA plan allows flexibility with benefit plan design and no state-mandated benefits
Employer writes one monthly check (based on plan enrollment)
No additional claim funding requirements
One Maximum Retention (spread over 12 payments)
Designed specifically for employers with 15-200 employees currently covered
Lower maximum plan cost (as compared to traditional stop loss)
Underwritten by A and above rated carriers