LevelFunded Health
Provider of employee benefit programs for small businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
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LevelFunded Health operates as a specialized insurance agency focused on providing alternatives to traditional health insurance plans for the mid-market and small business sectors in the United States. Founded in 2014 by Russ Carpel, the company positions itself as a provider of employee benefit programs that mirror self-insurance concepts typically reserved for large corporations. The company is headquartered in Miami, Florida.
The firm's business model centers on level-funded health plans, a hybrid insurance structure that combines the predictable, fixed monthly payments of fully-insured plans with the financial advantages of self-funding. This model is designed to offer a cost-effective solution for small to mid-sized businesses seeking more control over their healthcare expenditures. Revenue is generated through transparent consulting fees rather than commissions tied to premium increases, aligning the company's interests with those of its clients.
LevelFunded Health's core service involves creating and administering these level-funded benefit programs for businesses with five or more employees. Clients pay a level monthly premium that is allocated to three main areas: a fund for anticipated employee claims, plan administration fees, and stop-loss insurance premiums. A key feature of this model is the stop-loss coverage, which protects the employer from catastrophic losses by capping their liability for claims above a certain threshold. If the actual claims at the end of the year are lower than the funded amount, the client may receive a rebate or credit, offering a potential for savings. This structure provides businesses with greater transparency into their healthcare spending through detailed data reporting, which is often unavailable with fully-insured plans. The company serves over 25,000 members across the United States.
Keywords: level-funded health plans, self-funded insurance, employee benefits, small business health insurance, mid-market health benefits, stop-loss insurance, healthcare cost containment, insurance agency, benefits consulting, ACA alternatives, group health plans, health plan administration, insurance risk management, transparent pricing, employee wellness, claims data analysis, healthcare savings, benefits programs, insurance brokerage, corporate health solutions