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Insurance Plan Options
Innovative Solutions focused on small businesses
Professional Employer Organization Services (PEO)
Neuleben Advantage Insurance LLC works with (PEO) organizations that provide comprehensive HR solutions for small and mid-size businesses. Payroll, benefits, HR, tax administration, and regulatory compliance assistance are some of the many services PEOs provide to growing businesses.
FULLY INSURED PLANS
A fully-insured health plan is the traditional way to structure an employer-sponsored health plan and is the most familiar option to employees.
HRAs are a self-insured option that deliver the cost benefits of self-insured plans without the risk and hassle, while increasing plan options for your employees.
Self-Funded Plan
An insurance arrangement in which the employer assumes direct financial responsibility for the costs of enrollees’ medical claims. Employers sponsoring self-funded plans typically contract with a third-party administrator or insurer to provide administrative services for the self-funded plan. In some cases, the employer may buy stop-loss coverage from an insurer to protect the employer against very large claims.
Level Funded Plans
An insurance arrangement in which the employer makes a set payment each month to an insurer or third-party administrator which funds a reserve account for claims, administrative costs, and premiums for stop-loss coverage. When claims are lower than expected, surplus claims payments may be refunded at the end of the contract.