Cigna offers traditional and consumer-driven health plans, along with several options for funding those plans for small businesses.
More funding options for small businesses
Companies with fewer than 250 employees* can benefit from having a choice of health plan funding options. Cigna offers a broad range of funding options that help achieve immediate—and sustainable—business health insurance cost savings, including:
Self-funding: control, insight and savings
Paired with an appropriate plan design, self-funding helps your business better understand health care expenses and save directly on claims costs. Cigna's self-funded plans offer:
- Detailed reporting and insight into employee health care expenses
- Flexibility to make adjustments for utilization trends
We offer two self-funding options, which are unique to the marketplace and designed specifically for small businesses.
Level funding: know what you owe
If your business is looking for a self-funded health plan with financial predictability and protection, you'll appreciate the fixed monthly payments that come with level funding. And at the end of the plan year, if actual claims are lower than predicted, your business will receive a credit that can be used to pay future health plan costs.
Graded funding: pay as you go
If you're looking for greater control of your business's self-funded plan design and more insight into how health care dollars are being spent, graded funding may be a good fit for your business.
You pay for actual claims. If claims are lower than predicted, your business enjoys immediate savings. If claims are higher than expected, stop-loss insurance limits your company's financial exposure.
Fully insured: simplicity and predictability
Fully insured funding is ideal if you're looking for the financial protection that comes from knowing your business's annual health care expenses. It's easy to understand. Plus, there are no surprises because a set monthly premium takes the guesswork out of health benefit costs.
Learn more about Cigna's funding and health plan solutions for small businesses.
Contact your Cigna representative to learn more about our solutions.
View our complete list of Cigna insurance plans and services.
*Cigna offers group health insurance coverage to employers with 51-250 employees, as well as administrative services for employers with as few as 25 employees in most states.