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Allied™ Funding Advantage Now available for groups with 2 or more lives. 11321s0614 Edt.06.24.14. Today’s Webinar Impacts of ACA on rates Basics of Self Funding & Stop Loss Allied Funding Advantage Provider Freedom plan – Just say no to PPOs Short Term Medical PLUS. Allied National.
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Allied™ Funding Advantage Now available for groups with 2 or more lives 11321s0614 Edt.06.24.14
Today’s Webinar • Impacts of ACA on rates • Basics of Self Funding & Stop Loss • Allied Funding Advantage • Provider Freedom plan – Just say no to PPOs • Short Term Medical PLUS
Allied National Innovation Stability Service 3
Allied National • Operational Profile • Underwriting • Claims Administration • Policy Service • Actuarial • Compliance • Product Development • Case Management • Sales & Marketing • Legal 4
Why Would a Small Business Want to be Self Funded? Projected Self Funding Costs 5
Stop-Loss Insurance Employer’s risk is contained 7
Alternative Funded Small Group Medical Plan Self Funding “on training wheels” 2 or more lives Self funding made “SIMPLE” Prepackaged plan docs and specific and aggregate stop loss Level funded plan Terminal liability coverage included Medically underwritten Full Accommodation What is Funding Advantage? 9
How Funding Advantage Works for Small Groups • Low Specific Attachment - $10,000 • Proper Aggregate Protection • Age Banded Rates – no rate volatility • Medical underwriting loads applied • Level Funded – no extra costs 11
Funding Advantage Advantages for Small Groups • Plans are Affordable Care Act (ACA) Compliant • Avoids ACA rate impacts • Benefit plan design flexibility • Possible refunds in healthy years 12
Funding Advantage Rating Methods 13
Retail Agent’s Default Compensation Structure <25 lives 6% >26<50 lives 5% >51-100 lives 4% >100-151 lives 3% 151+ lives 2.5% 14
True freedom of provider choice No network – no penalties Proven model – 86% of all 2014 cases PPO-like discounts Better premium discounts Will defend balance bills • Provider Freedom Plan • Not available from any other carrier. 15
www.alliednational.com/fa Funding Advantage Sales Resources 16
Short Term Medical PLUS • What are you offering your clients now that the Marketplaces have closed? 17
Short Term Medical PLUS • Features: • Freedom to choose! Applicants choose a deductible and coinsurance from several available options. • 12-month coverage option (364-day maximum). 12-month option not available in CO, IN, NV or OH. • $500 Supplemental Accident Benefit option • Free EBC Discount Card which provides discounts for Rx, dental, vision and hearing. • 10-day free look, money-back guarantee • "A+" Rated Insurance Company 18
Our Sales TeamContact Us Email or fax data to “Sales” sales@alliednational.com 888-767-7133 Fax: 913-945-4390 Our Team • Dan Meylan: National Sales Director; 913-945-4253 • Bill Ringhofer :Regional Sales Manager; 913-945-4266 • Randy Wehner: Sales Manager; 913-945-4267 • Matthew Bryon: Account Executive; 913-945-4255 • Cheryl Knight: Account executive; 913-945-4261 19
Thank you! Questions? Allied Sales Support 888-767-7133 www.alliednational.com www.alliednational.com/fa sales@alliednational.comtwitter.com/alliednational www.linkedin.com/company/allied-national-inc- Fax: 913-945-4396 Allied National, Inc.4551 W. 107th St. #100Overland Park, KS 66207 20