Drexel & Associates

Fully Insured vs. Self-Insured vs. Level Funding Plans for those of you who haven't heard, level funding is the next big thing in small business insurance options. But how do you know if it's right for your company? And if you decide it's a good solution, what is your next step?

A fully insured plan means that you are passing all of the risk onto your insurance carrier who charges you a flat monthly fee based on how they gauge the risk of insuring your employees.If covered employees experience health issues and use the plan more, you will probably face a hefty increase in the monthly premium your business pays when your plan renews.

As a business owner, you have enough on your mind without having to worry about your insurance needs. You want to have the confidence that the business you've built is covered by a company that understands your business insurance needs. Commercial business insurance provides wide-ranging protection for businesses and their subsidiaries under a single policy.

As a small business owner you are responsible not only for the welfare of yourself and your family but for many others as well, including partners, employees and customers. Whether you run your business out of your home or from an office, factory or warehouse, a well-conceived insurance and benefits program is essential.

The Proactive Health Management Plan is much more than a wellness plan. PHMP was developed to create the most effective Population Health Management benefit program in the United States. It is designed to significantly incentivize employees to change behavior and improve their lifestyles while having a positive impact on the culture of an organization.

Drexel & Associates clients receive access to HR Workplace Services (HRWS), which includes unlimited telephonic and email support from a dedicated team of Sr. Level, HR Professionals. Plus, our clients also receive helpful online tools designed to keep clients up-to-date on regulatory items and filings.