Allstate Self-Funded Group Health Plans

Allstate Self-Funded group health plans can add up to big savings in Virginia. I can help you find the group medical benefits that best suits your employees needs and budget with a Self-Funded plan. The Self-Funded program often offers a more affordable alternative to traditional, fully insured Affordable Care Act plans. With a fully insured plans, your entire premium is paid to the insurance company, and you never receive any refund of premiums paid. As an employer with a fully insured health plan, you don’t have control over how your premium dollars are spent and you’ll never see those premiums again. With the Allstate Self-Funded Plan, you only pay for claims that your employees incurred. In years when your claims are lower than expected you may receive a refund of premiums paid back. This can add up to huge savings. About 60% of Allstate groups receive a refund.

Do Self-Funded Health Plans Offer the Same Protections and Services as Fully Insured Plans?

Yes! The Self-Funded plan is fully integrated. Meaning that all services are seamlessly combined into the policy.
With the Allstate Benefits Self-Funded Program, you have one predictable monthly payment that is split three ways:
1. Claims fund – Your contribution to the claims account is determined upfront and is guaranteed not to increase for a full year as long as there are no changes to your group’s benefits or enrollment.
2. Stop-loss insurance – If your group’s claims are higher than expected, stop-loss insurance protects your business’s assets.
3. Administration – All day-to-day administration of your self-funded plan – including claims processing and customer service – is taken care of for you, so you’re free to focus on your business.

Flexible Plan Features

Flexible policy deductible options. You can offer your employees 2 plan designs. Coinsurance from 50% to 100%. You will get a dedicated account manager. First-dollar coverage for preventive care. Access to national PPO network with nearly 925,000 health care professionals and 6500 hospitals. Excellent member services. Prescription coverage, urgent-care and emergency room copay options. Teladoc®: A valuable telehealth service that can save you money.
Contact us for your free quote and see why rated us as one of the best 2022 Health Insurance agencies located in Richmond, Virginia.