Multi-Choice2-50 Employees
Alternate Funding10-99 Employees
Key Accounts51-200 Employees
U-Funding150 + Employees
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Alternate Funding
10 - 99 Employees
Unique plan flexibility with an alternate funding approach. Employers offer one plan, under one contract with controlled cost incentives. Employees have the choice and ability to customize their coverage based on their individual needs within the plan.
The alternate funding approach allows companies to be partially self-funded, with a reinsurance policy to protect them from catastrophic claims. A range of plans is available and employers select one to offer to their employees. Employees then have the freedom to adjust the cost share within the plan to fit their individual needs. Co-pays, deductibles and prescription co-pays can all be adjusted. The co-insurance rate will adjust with each selection made to ensure that the plan remains actuarially equal.
A Wellness component can be added with the possibility of a $1,000 Wellness credit for each employee to cover the first costs incurred on the plan. Talk with your AAOA Consultant for more details.
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