Employee benefits
Group health benefits for Tampa Bay employers: fully insured, level funded, SHOP and ICHRA plans compared so you can fund coverage the way that suits you.
Group health benefits built around your team
There is more than one way to fund employee health coverage. We walk you through fully insured, level funded, SHOP and ICHRA plans, then set up the option that fits your headcount and your budget.
- Fully insured plans, where the carrier takes the risk
- Level funding, where year-end surplus can come back
- SHOP for small employers, with tax credits if eligible
- ICHRA, where you reimburse rather than buy a plan
Four ways to fund group health insurance
Each option shifts the risk, the admin and the cost control to a different place.
Fully insured
You pay premiums to a commercial insurer that carries the risk and pays the claims.
Level funding
Self-funding paid as one monthly premium, with any year-end surplus returned to you.
SHOP
For employers with 1 to 50 full-time staff, with flexible options and tax credits.
ICHRA
You reimburse employees for their own premiums and medical expenses instead.
Why employers look at ICHRA
An ICHRA lets you set money aside for each employee's medical costs instead of buying one group plan for everyone, with more flexibility and more control over spend.
- Employer money set aside for health costs, free of income and payroll tax
- Portable: the employee keeps their coverage if they change jobs
- Cost control: you set the contribution, the employee picks the policy
- Flexibility while the healthcare market keeps shifting
Level funding feels like a traditional plan, with the upside of self-funding
You make fixed monthly payments to the carrier, the carrier handles claims administration, and any surplus claims at year-end can come back to you.
Coverage you can place alongside the health plan
Group critical illness pays a lump sum toward costs like childcare and medical bills.
Setting up benefits is simple
Tell us about your team
Share your headcount, your budget and what your employees need most from a plan.
We compare funding options
We price fully insured, level funded, SHOP and ICHRA side by side for your group.
Choose and enroll
Pick the plan that fits, and we help your employees through enrollment.