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Delivering on the Good Hands

Group Health coverage from Allstate Benefits

Did you know that in 2020, 67% of U.S. workers were covered by a self-funded health plan?1

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Health coverage for small businesses that protect employees and the bottom line

With a traditional fully-insured health plan, you pay a fixed premium to the insurance carrier. The insurance carrier collects the premiums and pays the health care claims based on the coverage benefits outlined in the policy.

Our Self-Funded Program is specially designed to provide affordable health benefits for small- and mid-sized businesses. Compared to traditional fully-insured plans, you get more plan options, usually at a lower cost, without sacrificing quality health coverage for your employees.

Options at a glance

 
 

How it works

With the Allstate Benefits Self-Funded Program, you have one predictable monthly payment2 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.

You may even get a refund

If your group's claims are lower than expected, you may get a refund of a portion of the difference at the end of the plan year.3 About 60% of our groups receive a refund.4

Learn more about self-funded health plans

Pick your level of coverage

Our Self-Funded Program provides flexible health coverage and contract options for small- and mid-sized companies. We can find a plan that suits your needs, whether you need coverage for 2 or 500 employees.

Disclaimers and notes

1Source: https://www.statista.com/statistics/985324/self-funded-health-insurance-covered-workers

2Employers with 51 or more group members can choose to pay claims as they are incurred, instead of making payments into a claims account.

3Refund is subject to any applicable Terminal Liability Coverage fee. Refund offered with level-funded plans only.

4Based on the percentage of groups that received a refund for plan years 2017 through 2019.

We are Allstate Benefits

From innovative group health coverage to our industry-leading portfolio of group supplemental insurance products, we have the experience, knowledge and service you need, and a name you know and trust.

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