United HealthCare: All Savers Alternate Funding
Enjoy the advantages of alternate-funding, and the stability of full coverage!
United HealthCare’s funding plans were built with small businesses like yours in mind. Did you know that 60 percent of small business employees spend less than $1,500 a year on health care? It’s often for things like ear infections, broken bones, or routine checkups. But since employees are not meeting their deductibles, they end up covering most of their medical costs out of their own pocket.
UHC’s All Savers Alternate Funding is a self-funded health plan designed specifically for small businesses. It includes three parts:
- Your self-funded medical plan, which pays covered medical expenses of your covered employees and their dependents.
- A third-party administration agreement between you and United HealthCare Services, Inc. for claims processing, billing, customer service, and other administrative services.
- A stop-loss insurance policy by All Savers Insurance Company, which protects the plan from large catastrophic claims by a covered individual, and provides overall protection in the event that all claim payments made under the medical plan exceed a certain dollar limit.
All Savers Alternate Funding is a “level-funded” plan, so you’ll make the same monthly payment throughout the plan year. It is not subject to most state mandates and state insurance-premium taxes. This may also mean lower costs throughout the year. In addition, you’ll have the chance to get some money back at the end of the year.
Talk to the experts in balanced funding at WNC Health Insurance – small business health insurance consultants since 1994. Call Now: 828-681-8223