New option for small employers could produce savings
UnitedHealthcare announced this fall the launch of a new group health plan option for small employers in Tennessee.
The carrier’s ‘All Savers’ product is a Dividend-Eligible health plan. Sometimes called a ‘level-funded’ health plan, this self-funded strategy allows employers to have more transparency into where their claims dollars are spent and access to savings in low-claim years.
This product has been available in other UnitedHealthcare markets for years, beginning with a 2013 launch in Colorado. The launch in Tennessee demonstrates the success of this strategy in the small employer market.
All Savers is available for groups of five to 100 eligible employees. But how does a Dividend-Eligible plan work?