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Small Group Health

Minnesotans work hard, your insurance should work for them without breaking the bank.  Ask us about Small Group Health and Level Funded Coverage.
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Individual Coverage

Whether your small business is you or you have Individual Coverage needs, we simplify coverage and get you affordable plans.
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Medicare Coverage

Medicare Coverage can be confusing but we can help you find the right path forward to cover your health with the right Medicare Plan for you.
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Small Group Health Insurance Solutions

Is Your Policy Level Funded? Get Better Group Health and a Flexible Policy to Save You Money

FULLY INSURED COVERAGE

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. Conversely, if your employees rarely use the insurance, you’re stuck playing a flat monthly rate no matter what. This model decreases the risk of month-to-month fluctuations but doesn’t provide any meaningful incentive for having healthy employees.

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SELF INSURED COVERAGE

A self-insured plan is one in which the business pays the actual claims and essentially assumes the role of the insurance carrier in terms of managing risk.  If covered employees experience health issues and use the plan, the business pays directly.

Many large companies offer at least one plan that is fully self-insured because they have a large pool of covered employees and also have the cash reserves to protect against a spike in claims volume or amount.  Though the business is paying the claim, the insurance company will actually process it accordance with the plan documents and ensure that all protocol is followed.

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LEVEL FUNDED COVERAGE

The “level” of level funding refers to the fact that you self-insure, but pay a level or steady fee each month as determined by your TPA. Level-funded plans also come fully integrated with individual and aggregate stop-loss insurance. Individual stop-loss insurance will kick in if a covered employee or dependent exceeds a certain dollar amount in claims. An aggregate stop-loss will be activated above a certain dollar amount for all claims. After you pay your level monthly fee for a year, your TPA will compare what you’ve paid for the actual claims and refund you any difference if you’ve paid more than you’ve spent.  Get the predictability of fully insured and the savings of self insured.

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Improve Your Finances with Better Insurance

The insurance market in America is dynamic and often changing.  Whether you are in need of health insurance for you, your family or your business, we have solutions to allow you to save money and manage our care.  We also offer additional business insurance, employee benefits plans, vision, dental, accidental death and more.  Simplify your finances and get better coverage for you and your family or business.

What our clients are saying...

 Contacting you was one of the best financial decisions I ever made. And not just because I saved so much money, I actually understand what I’m paying for now. 
– Maria P.

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  • As a single parent, I have so many different things to worry about. It means so much to me that I can trust that this stuff is taken care of by a team I can trust. Thanks to all of you. 

    Robert B
  • Contacting you was one of the best financial decisions I ever made. And not just because I saved so much money, I actually understand what I’m paying for now.

    Maria P

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  • Brian Lasher
  • Partnership Insurance LLC
  • 10150 City Walk Drive, Suite A2, Woodbury, MN 55129
  • 612-269-2137
  • brian@partnershipins.com
  • https://partnershipins.com

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