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The WPS Level Funded Health Plan is standardly available for employers with 10-99 covered employees. On a case-by case basis, we may consider groups slightly above 100 to ensure we offer the right fit for employer needs. A level funded health plan is an excellent intermediate between a fully insured plan and a self funded arrangement. It provides employers with the predictable monthly payments of a fully insured plan while offering the potential savings and flexibility typically associated with self-funding.
When there is an excess in an employer's claims fund at the end of the contract period, they will receive an administrative fee credit for the next contract period provided that they renew the WPS Level Funded plan.
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| Pre-set Monthly Funding |
| In a good year, the employer may carry over a portion of savings to subsequent year |
| Full transparency into claims utilization |
| Opportunity to see financial benefits from health improvement initiatives |
| Ability to follow large group definition under PPACA guidelines |
| Exempt from some fees and taxes |
Fixed monthly payments make coverage costs simple to plan for your business and employees.
A portion of monthly payments pays for WPS administrative and reinsurance fees.
If there is an excess in a group’s claims fund at the end of the contract period, it will be returned as a premium credit on the group’s future statement, provided that they renew the WPS Level Funded plan.
An extensive network of providers offers comprehensive health coverage to ensure employees’ health care needs are met.
You can expect dedicated, knowledgeable support from our team throughout your plan’s implementation and ongoing management.
Employers have full reporting available, including information on claims, enrollment, network usage, and more.
The Quality Improvement Program drives organizational improvement for excellence through efficiencies, increasing the competitive advantage, and building trust and recognition in the community to improve the health status, safety, and satisfaction of our customers.
WPS offers employers a broad variety of network access options. Greater network selection options provide more competitive rates for the consumer. You choose the coverage that matches your goals and preferences.
