Helping small businesses reduce health care costs and manage HR matters. 

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:

1. Your health plan that pays employees’ covered medical expenses. Every month, when you send in your regular payment, part of it is set aside to pay for your employees’ covered medical bills. In other words, when your employees go to the doctor, their eligible claims are paid straight from the money that was set aside. If the money that goes in during the year is more than what comes out, you may get money back after you renew your plan. If your employees have low claims, that refund could be substantial. 
2. Administrative services for your plan, including employee onboarding, customer service, billing and claims processing, all done for you.
3. A stop-loss insurance policy that protects your business if claims are higher than expected.

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.