Benefits Programs
When it comes to employee healthcare and benefits, we see things differently. At Conner Insurance, we put employee health at the center of everything we do. We partner with businesses to uncover their unique healthcare needs, identify opportunities for savings, and address pain points—ultimately lowering costs while improving the quality of care for employees.
We don’t believe in cookie-cutter plans. Our benefits programs offer a full spectrum of funding mechanisms, including self-funded, ICHRA, level-funded, and fully insured models. Each option is designed to help you align your health plan with your company’s goals, values, and financial priorities. Whether you’re seeking greater control and transparency or the simplicity of a fully insured option, our team helps you build a benefits strategy that fits.
Ready to break away from the status quo? Explore flexible, cost-effective solutions that prioritize employee wellness and long-term value for your organization.
Fully Insured
In a fully-insured plan, the company pays an annual premium to the insurance carrier, usually at a fixed rate for a year. The carrier then manages the collection of premiums and processes healthcare claims according to the outlined coverage benefits in the purchased policy. Covered individuals, including employees and dependents, are responsible for any deductible amounts or co-payments associated with the covered services outlined in the policy.
Self-Funded
A self-funded health plan is a funding arrangement in which the employer assumes direct financial responsibility for the costs of enrollees’ medical claims. Rather than paying fixed premiums to an insurance carrier—which, in turn, assumes the financial risk of paying claims—the employer pays for medical claims out-of-pocket as they are incurred. In self-funded plans, employers pay two types of costs: fixed costs and claims costs. Any unused claims dollars go back to the employer, rather than becoming profit for the insurance carrier.
View the Visual Guide
Level-Funded
A Level-Funded Health Plan combines the predictability of a fully insured plan with the savings potential of self-funding. Employers pay a fixed monthly amount (or “level” payment) that covers administrative fees, stop-loss coverage, and a claims fund. If claims are lower than expected, employers may receive a refund of unused funds — something not available with traditional insurance. If claims exceed expectations, the stop-loss policy kicks in to protect the business from high costs.
ICHRA
An Individual Coverage Health Reimbursement Arrangement (ICHRA) is a modern health benefits solution that allows employers to reimburse employees tax-free for the cost of individual health insurance premiums and qualified medical expenses. Rather than offering a traditional group health plan, employers give employees a monthly allowance to choose the coverage that fits their needs. ICHRA plans provide greater flexibility, cost control, and employee choice, making them an attractive option for organizations of all sizes — especially those with a remote or distributed workforce.
Real Results: $35M+ in Savings
Discover how Life Science Innovations partnered with Conner Insurance to redesign their benefits strategy and achieve over $0 in healthcare savings.
Read the Full Case Study“As always Ben, Ryan and Ricki are all extremely helpful and knowledgeable. They know and understand our needs and goals!”
Frequently Asked Questions
What is the difference between self-funded and self-insured health plans?
Most people use these terms interchangeably, however, they are technically different. Self-funded plans are protected by reinsurance. Self-insurance usually means that someone or something is taking on the risk entirely.
Speak to An Advisor for a ConsultationEvery employer needs to make this evaluation on their own, but there can be proper ways to purchase reinsurance that is helpful for employers with 50 or more employees to successfully self-fund their health insurance program.
Speak to An Advisor for a ConsultationSelf-funded plans, fully insured plans, ICHRA, level-funded, and captive insurance are all great options. An effective employee benefits package begins with assessing what your employees’ needs are before getting started. This ensures that the employer will be adding true value to the employment experience while maximizing company funds.
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Other Types of Insurance
Your company works hard, so insurance should come easy. Let Conner Insurance work with you to develop your benefits program, commercial insurance, and other types of insurance coverage. Together we’ll create a comprehensive program that works for your business.
Serving Indiana and Beyond
Protect your employees, customers, and your business with Conner Insurance. We cover Carmel, Westfield, Fishers, Indianapolis, and Brownsburg, and the entire state of Indiana. Don't live in Indiana? We can write policies in all 50 U.S. states. In addition to benefits, we also offer commercial insurance, consulting, and personal insurance policies. Contact us at (317) 808-7711 to speak to an insurance advisor.
