Aug 30, 2024
UnitedHealthcare has announced plan and pricing enhancements in their Level Funded product for groups 51+.
They are introducing the surplus flexibility currently available within the Key Account 100+ segment to the 51–99 segment. These groups can now choose the surplus share option1 that best suits their financial strategies with the choice of 50%, 67% or 100%. This empowers employers to have more control over their funds and benefits structure, ensuring a more tailored approach to their health care plans.
UHC Level Funded is also introducing a new strategic pricing strategy designed to enhance their competitiveness in the market. This new approach includes several key components:
- Implementation Credit and Guaranteed Administrative Credit: Implementation Credit is available in all segment sizes and Guaranteed Administrative Credit is available for 51+ groups. Implementation Credit can be combined with Guaranteed Administrative Credit.
- Plan flexibility and modification for Key Account clients: 100+ Key Account clients can select specific deductible limits, out-of-pocket limits, benefit cost-share values (copayments2, coinsurance2 and per occurrence deductible/copay).
- Surplus Share Flexibility: Groups in the 51–99 and 100+ Key Account segments can choose their surplus share by selecting between 50%, 67% and 100%.
Contact your Amwins Connect Regional Sales Manager today to learn more about the benefits of UHC Level Funded health plans in the 51+ market3.
- Changes in surplus amount may result in underwriting loads.
- Available when base plan has copay or coinsurance. The term “base” plan refers to the standard plan from which changes or customizations are made.
- UHC Level Funded products are not available to groups sitused in DC or HI.
