Fully Insured Coverage

Full Coverage Sourced to Major Insures with Non Refundable Premiums

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.

Fully Insured Example

Fully Insured transfers all risk and administration to a major insurance company in exchange for premiums paid but the business and the employees. Companies are insulated from large swing ins premiums in a given contract period which can be revised if high claims occur or insurance companies seek higher premiums for administration.

Finances Made Simple, LLC is an independent full-service insurance agency, offering solutions for businesses, individuals and seniors. We work with the top insurance companies so we can offer our clients the best coverage for them. Our clients are located all across Minnesota and Wisconsin, giving us a great feel for the insurance landscape. We design plans with focus on low out of pocket cost while maximizing our client’s insurance benefits. We accomplish this by providing personalized insurance advice aimed at helping our clients make better-informed decisions regarding their plans.

Fully Insured Coverage

Premiums

Fully Insured

Transfer Risk and Administration For Higher Premiums

Our professional team of insurers have experience in Minnesota and Wisconsin and a strong grasp on insurance that meets your business or personal needs and exceeds your service expectations. Contact us today and find out what Finances Made Simple LLC can do for you.