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Amwins-M.T. Donahoe & Associates is proud to announce our partnership with Starmark, a Trustmark Company. A leader in self-funding for small groups and serving more than two million members, Starmark is available for groups of 5-50 lives in Maryland/Virginia and for groups of 51+ in DC. Choose from traditional PPO self-funding plan designs (utilizing Cigna or Aetna national networks) or the new Reference-Based pricing model which allows members to see any doctor they choose and without balance-billing from the provider. These plan designs provide stop-loss protection - employer pays the monthly premium only and they are not on the hook for any extra funding at year end.Potential surplus money back to the employer at year endEasy quoting/underwriting: We will need a complete census and individual medical questionnaires can be done via paper, phone, or using a secure web-based portal or any combination of these.Broker Commissions: up to $75 PEPM! Since self-funded plans are not impacted by all of the ACA provisions, small businesses that have not traditionally offered self-funded plans are now considering this approach. Available to groups 5-50 and 51+. - Providing Essential Health Benefits
- Modified Community Rating
- The Health Insurance Industry Fee
- Flexibility to tailor benefits to meet employee's needs
- Plan costs may be less than a fully insured plan
- Employers have more control over health care expenditures
- If health care costs are low in a particular plan year, the employer—not the insurer—may keep the savings
- Employers pay for the cost of their employees' care; a set amount each month
- Stop-loss insurance protects against higher, unexpected costs
Self-funded plans are administered by Starmark and stop-loss insurance is provided by Trustmark Life Insurance Company. |
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Effective | Carrier | New Business Deadline | | | Note(s) |
10/01/2023 | Trustmark (Group) | 09/08/2023 | | | |
11/01/2023 | Trustmark (Group) | 10/10/2023 | | | |
12/01/2023 | Trustmark (Group) | 11/10/2023 | | | |
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