MIAMI, FL (December 17, 2015) – LevelFunded Health, an innovative health insurance agency offering small business-focused benefit alternatives to the Affordable Care Act, announced today it has named Joel LeBendig as an Advisory Board Member, where he will be primarily responsible for national channel partner development and strategic partnership growth. Mr. LeBendig previously served as Senior Vice President of Sales for Assurant (Fortune 500) Health's Small Group Self-Funded and Level-Funded product portfolio. During his tenure with Assurant Health, Mr. LeBendig helped close multi-million dollar deals with some of the largest companies and brokers in the country.
An industry veteran of nearly twenty years, Mr. LeBendig has also served in sales roles within the insurance and technology markets for brands that include Assurant Solutions, Euler Hermes ACI, ETI International and TeleSpectrum Worldwide, Inc. He has certifications for being life insurance licensed as well as property and casualty licensed.
LevelFunded Health has emerged as a small business health insurance alternative to 'Obamacare' for small businesses with concerns over rising health insurance premiums as it can potentially save 10 to 40 percent annually, plus provide an opportunity for annual refunds on their health benefit expense.
LevelFunded benefit programs appear like hybrids between traditional small business health plansand concepts typically reserved for large corporations, known as "self-insurance." Small businesses with five or more employees can cover employees on their own with the added security blanket of a stop loss policy from an A-rated insurance carrier that handles the plan's administration and excess risk above a certain limit. Businesses simply set aside the cash to cover anticipated claim expenses. The monthly premium remains the same (level) during the whole year and if claims are less than the funded amount, a rebate or credit is issued at the end of the year. If claims go over the funded amount, businesses are protected by a stop-loss policy.
LevelFunded Health is a national, tech-enabled commercial health insurance distribution platform focused on level and self-insured benefit programs for middle market employer groups nationwide. LFH specifically works for private equity firms based in New York, Florida and Texas, to immediately improve EBITDA across their entire portfolio of middle market holdings. LFH immediately saves these businesses anywhere from $100,000 to $2 million plus per year on health insurance costs, while simultaneously improving employee benefits, debt ratios and exit valuations. For more information, please visit LevelFunded.com.
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