Large Group Insurance
Large group health and welfare insurance is a means for employers with 100 or more full-time employees to attract, retain, and protect their most valuable assets – their people. Larger employers are allowed more flexibility and transparency, and can leverage a more diverse vendor stack to reduce their claims costs and help better educate their employees on how to best engage the healthcare system. Large employers should work with a consultant that delivers knowledge and experience in each healthcare financing vehicle:
Fully-insured – Employer pays the carrier and transfers 100% of the risk.
Level-funded – Employer pays the carrier and transfers 100% of the risk, but can access claims data and receive a surplus if performing well.
Self-funded – Employer pays the carrier for administrative services, and takes on claims liability with stop loss protections in place.
Bundled – Employer hires a Carrier-owned Third Party Administrator to perform all duties – stop loss, administration including network, and pharmacy benefit management.
Unbundled – Employer hires all components independently; Third Party Administrator, Stop Loss, Pharmacy Benefit Manager, and (if applicable) network.
At Invictus Group Benefits, we adopt a cutting-edge approach that emphasizes efficiency and innovation to put money back into your business and into the pockets of your employees and their families. Our strategies are designed to streamline the insurance process and reduce wasteful spending, allowing companies to allocate time and money more effectively while. By enhancing the quality and accessibility of care for employees through tailored benefits solutions and proactive plan management, we help drive both employee satisfaction and overall business success, ensuring that your organization remains competitive in a challenging market.