With an All Savers® Alternate Funding plan, employers benefit from competitive fixed monthly rates and protection from unexpected high medical claims. A wide selection of flexible medical plan options are available to control costs, and when medical benefits are coupled with dental, vision, and/or life greater cost savings can be achieved.
ThinkHR is an online HR support platform that may help small businesses reduce risks, drive efficiencies and resolve benefit-related issues. Employers gain access to tools and guidance designed to prepare and manage day-to-day benefit plan risks.
With UnitedHealthcare Motion®, participants complete certain daily walking goals and may earn up to $1,095 for their health savings account (HSA). And employers can earn a wellness credit if 50% of their employees participate.
Yes, but they differ from a purely self-funded arrangement in important ways. All Savers plans provide additional protection from large catastrophic claims with a stop-loss insurance policy. So you won’t have to pay more for claims throughout the year or at the end of your plan year, even if you have high claims costs.
Your payment doesn’t change month-to-month. All Savers locks in a level-funded monthly payment for your plan year, regardless of your actual employee claims.
Your fixed monthly payment goes toward 3 things:
Every month when you make your payment, part of it goes toward stop-loss insurance. This provides protection from unexpected high claims.
Yes. And they’re included in your plan at no additional cost to you or your employees. Because they’re designed to help your employees get healthier, they may help lower claims and provide more savings for everyone.
The 2 biggest reasons: more savings and more control. With a fully insured plan, your costs are based on a wider pool, including businesses that may have higher overall claims than yours. All Savers is based only on your employees’ medical claims. So when their claims are lower than expected, you may get a refund at year-end.
And when you have a self-funded plan like All Savers, your business may be exempt from many Affordable Care Act regulations and state insurance mandates that can be costly for some small businesses. You may also pay lower premium taxes.
With a variety of plan designs and provider networks available, All Savers can be truly customized to fit your business. It’s worth your time to compare these health plans with your traditional (fully insured) plan to see which may be the better fit.
With a variety of plan designs and provider networks available, All Savers can be truly customized to fit your business. It’s worth your time to compare All Savers with your traditional (fully insured) plan to see which may be the better fit.