Running a medical practice is a lot like running a close-knit community. The people who show up every day are far more than just names on a payroll sheet; they are the heartbeat of your practice. You celebrate their milestones, support them when life gets difficult, and rely on them to keep your patients cared for.
Because you care about your team, offering great health insurance is both vital and challenging. As a practice owner, you constantly have to balance caring for your team with balancing the budget. The right coverage supports employees and their families, but rising premiums put real financial pressure on the practice. Fortunately, TMA Insurance Trust keeps up with the evolving market. For practices with 5 to 50 employees, smarter group health options are now available to help lower practice costs while maintaining high-quality coverage your team will love. The key is taking a closer look at how your plan is structured.
A Smarter Alternative: Level Funded Health Insurance
To understand how level funded health insurance works, it helps to compare it directly to traditional coverage:
Traditional Health Insurance: You pay a fixed premium every month. Even if your team barely uses their insurance that year, you get zero return on what you didn't spend.
Level Funded Insurance: Level funded health insurance is a hybrid model designed to give small practices the predictable monthly costs of traditional insurance, alongside the savings potential of a self-funded plan. You pay one set monthly rate, protecting your practice budget from sudden cost spikes.
The Big Bonus: If your team's medical claims stay low throughout the year, your practice may receive a cash refund or a credit toward next year’s coverage. But if it turns out to be a high-claims year, built-in protection ensures your monthly rate stays capped, so you never pay more than expected.
It gives you the budget safety of a traditional plan with the financial upside of a custom plan.
Flexible Options that Lighten the Administrative Load
Choosing the right benefits shouldn't feel like taking on a second job. Comparing plan details, gathering health histories, and managing ongoing enrollment often adds significant stress for practice managers and staff.
At TMA Insurance Trust, our advisors specialize in working with medical practices just like yours to remove that burden. We proactively evaluate the market to find high-quality, cost-effective coverage built specifically for groups of up to 50 employees. Beyond setting up your plan, we handle the day-to-day administrative work—from issuing ID cards to seamlessly adding and removing employees throughout the year—so your office staff doesn't have to.
If you haven't reviewed your group health coverage recently, you may be paying next year's higher prices for yesterday's plan design. Exploring newer options like level funded health insurance could unlock significant savings for your practice while protecting the people who make your business run, making this a win-win for the practice and the staff.
Ready to See What Your Practice Could Save?
A brief, no-obligation conversation with a TMA Insurance Trust advisor is all it takes to review your current coverage, explore quick quote options, and let us take some of the administrative burden off your shoulders.
Schedule your free coverage review today. Call us at 800-880-8181, Monday through Friday, 8:00 AM to 5:00 PM CST to speak with an advisor.
Why Small to Midsized Practices Are Making the Switch
- Newer, More Affordable Options: Lower costs for practices with up to 50 employees.
- Level Funded Savings: Predictable monthly payments with potential cash-back refunds.
- Fast, Hassle-Free Quotes: "Quick Quotes" available without collecting full employee medical histories.
- Flexible PPO & HMO Mix: Opportunities for high-quality plan choices while controlling practice costs.
- Expert Advisor Support: Free coverage reviews by our advisors to find your best fit.
- Practice Support: Assistance enrolling staff and administrative support throughout the year.
