BAMSL partners with Insurance Specialists, Inc. to offer new insurance member benefit - Recent News

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Posted by: William Bass on Nov 5, 2019

Insurance Specialists, Inc. (ISI) logo

Thanks to our partnership with BAMSL, Insurance Specialists, Inc. (ISI) is pleased to announce a practical alternative to traditional insurance: a Level-Funded Health Plan.

In a Level-Funded Health Plan, the employer funds the insurance coverage by paying premiums to a claims fund rather than to an insurance carrier. A portion of the total premium funds stop-loss reinsurance coverage which caps employer risk. Should claims remain low and the stop-loss coverage not be activated, any residual premium remaining in the claims funds is returned to the employer at the end of the policy year. The Plan is comprehensive, with a portion of the premium funding access to the CIGNA, First Health (Aetna) and PHCS (MultiPlan) national network of physicians and hospitals. Employee health is incentivized through the offer of a Wellness Program which rewards healthy lifestyle choices in reduction of deductibles.

Level-Funded Health Plans fall under ERISA regulations. These guidelines allow inclusion of health questions in the application process, meaning that individualized premiums can be calculated to maximize plan choice and minimize cost for the employer.

Level-Funded Health Plans redirect healthcare dollars to your employees, a critical element in both recruitment and retention of quality talent. Today's worker values employer-sponsored healthcare. Offering a Level-Funded Health Plan will both set you apart as an employer and allow you to rein in expense.

To receive a proposal for your firm, contact ISI today at (800) 241-7753 or email us at Set your sights on 2020 as the year to take back control of your healthcare costs. Through this valuable BAMSL member benefit, you can make that happen day one.


William K. Bass, Jr.
ISI President



The views and opinions expressed in this blog are those of the authors and do not necessarily reflect the policy or position of The Bar Association of Metropolitan St. Louis, the Saint Louis Bar Foundation or BAMSL’s Board of Governors. Acceptance of advertising and new product information does not imply endorsement of products or services advertised or listed nor statements concerning them.


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