Cost Saver is a unique, low-cost group health plan for employers who are priced out of the cost of traditional major medical coverage.
A level-funded Funding Advantage plan, Cost Saver provides office visits and rich outpatient benefits plus fixed cash payments for surgery and hospitalization. The plan uses the PHCS and First Health PPO networks that are contracted specifically for this plan, so members always receive valuable PPO discounts for services.
Introducing the New Bronze Minimum Value Plan
Allied Cost Saver plans have always provided great and affordable limited benefit coverage for small groups. For large employers, Cost Saver plans are Minimum Essential Coverage and help employers avoid Employer Shared Responsibility Part “A” penalties.
Many employers also want to provide a low-cost option to meet Minimum Value and avoid both penalties, “A” and “B”. The new Cost Saver Bronze Minimum Value Plan (option 3), available for Jan. 1, 2022, effective dates, gives you this new option for your large employer clients.
Cost Saver is an option under our Funding Advantage Plan. Agents: Please note that you can add your contact information to the last page in the blue section.
No Medical Underwriting with Cost Saver!
Worried whether or not your group qualifies for coverage? There is no medical underwriting for group sizes of two or more. You can't be turned down because of health concerns.
Cost Saver is an easy way for an employer to start a benefit plan, or retain one, in the face of ever increasing costs. Also, purchasing employee health benefits has tax advantages for both the employer and the employee. Unlike wages, health benefits are not subject to income or payroll taxes.