Self funding used to be a concept only available to large employers. Not anymore.
Business owners like you enjoy the advantages of self funding. And now, with our Self Funded Program, you get to experience those advantages without taking on added risk. It’s an easy way for you to lower your costs while providing quality health care benefits to your employees.
SELF-FUNDED PROGRAM KEY ADVANTAGES:
One, predictable monthly payment
Your monthly payment is determined upfront and guaranteed not to increase for a full year (other than for enrollment changes like adding new employees).
Plan administration and account management
Payments of claims, customer service and reporting is all done for you, leaving you to focus on your business.
Where do your premium dollars really go?
With fully insured health plans, all of your premium is paid to the insurance company. You don’t have any control over how that money is spent. You won’t see any of those premium dollars again, even in years when your group’s claims are less than expected.
Our Self-Funded Program is different. Some of your monthly payment is used to run the daily administration of your plan, but portions of it are also used to pay your stop-loss insurance premium and to build your claims account. In years when claims are lower than expected, a portion of the difference between your group’s anticipated and actual claims is credited back to you — and that adds up to significant savings.
Learn more about National General’s Self Funded plans below:
Product Brochure for Small and Medium sized businesses
Teladoc Services included on Allstate Plans
Allstate “Core Value” plan brochure
Allstate Self Funded Employee Application (June 2021)
