Business owner and friend – knowing what I do for a living – changed the conversation to his health insurance.

He asked, “Is a Level Funded Health Plan a good deal?’ 

Need a little context, Pal. What are you paying and what/who does it cover?

He pulled up a copy of the last invoice on his phone; the February premium was $13,000 and listed 21 employees, split about 50/50 between single and family coverage.

I asked him if he was happy with his current Broker. (It was sort of a trick question.)

“Yes, I think they’re doing a nice job.”

“NIce?!” 

At less than $7,500 per employee per year, he’s not even spending half the national average of $18,159 – detail HERE.

And ya know what? When you factor in the employee contributions to the premium (40%), his net spend might be about as low as it gets.

I suggested he call his Broker and take him out to dinner. 

Somewhere nice, too! 

P.S.  After mentioning a fascinating webinar in Tip # 709, several of you asked if it was archived. Yes. You can register and view HERE.