All Savers Insurance is a health insurance provider that offers employers self-funded health plans. The company was launched in 2013 and is a subsidiary of UnitedHealth Group, one of the largest healthcare providers in the world.
What is Self-Funded Health Insurance?
Self-funded health insurance is a type of health insurance where employers set aside funds to pay for employee healthcare costs. This is different from traditional health insurance, where employers pay a set premium to an insurance company, which then pays for healthcare costs.
With self-funded health insurance, employers have more control over healthcare costs and can customize healthcare plans to meet the needs of their employees. All Savers Insurance offers self-funded health insurance plans to employers of all sizes.
Benefits of All Savers Insurance
There are several benefits of choosing All Savers Insurance for your self-funded health insurance needs, including:
Customizable plans |
All Savers Insurance offers a variety of plan options, allowing employers to create a customized plan that meets the needs of their employees. |
Lower costs |
Self-funded health insurance can be less expensive than traditional health insurance, as employers only pay for the healthcare costs of their employees. Additionally, All Savers Insurance offers several cost-saving programs, such as wellness programs and disease management. |
Flexibility |
Employers have more control over their healthcare plans and can adjust them as needed to meet the changing needs of their employees. |
Plan Options
All Savers Insurance offers several plan options to employers, including:
Level-Funded Plans
Level-funded plans are a type of self-funded health insurance that provides employers with predictable monthly costs. With this plan, employers pay a set monthly premium that covers the projected healthcare costs of their employees. If at the end of the year, the actual healthcare costs are lower than projected, the employer may receive a refund. If the costs are higher than projected, the employer is responsible for paying the difference.
Reference-Based Pricing Plans
Reference-based pricing plans allow employers to set a maximum amount they will pay for healthcare services. If an employee receives a healthcare service that is more expensive than the maximum amount, they may be responsible for paying the difference.
Traditional Self-Funded Plans
Traditional self-funded plans allow employers to pay for the actual healthcare costs of their employees. Employers set aside funds to pay for these costs and are responsible for managing their employees’ healthcare expenses.
FAQ
What is the difference between self-funded health insurance and traditional health insurance?
With traditional health insurance, employers pay a set premium to an insurance company, which then pays for healthcare costs. With self-funded health insurance, employers set aside funds to pay for employee healthcare costs themselves.
What are the benefits of self-funded health insurance?
Self-funded health insurance can be less expensive than traditional health insurance and allows employers to customize healthcare plans to meet the needs of their employees.
What kind of plan options does All Savers Insurance offer?
All Savers Insurance offers level-funded plans, reference-based pricing plans, and traditional self-funded plans.
Are All Savers Insurance plans customizable?
Yes, All Savers Insurance offers a variety of plan options, allowing employers to create a customized plan that meets the needs of their employees.
Do All Savers Insurance plans offer cost-saving programs?
Yes, All Savers Insurance offers several cost-saving programs, such as wellness programs and disease management.
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