About Funding Solutions
Funding is the method in which an employer pays for employee benefits. Employers can purchase insurance that covers claims and other expenses, known as fully insured funding, or they can self-fund their benefit plan, which means the employer pays an administrator to administer the plan, but the employer funds the claims expenses from their own bank account.
Think about the fully insured and self-funded concepts in the construct of bills that most consumers pay.
Fully Insured is like your cable bill – no matter how many times you turn it on, or how many hours you watch, you pay the same amount each month and you know what you owe. It’s predictable and easy to budget.
Self-Funding is more like your electric bill – you pay as you go, or pay for what you use. You can use more efficient bulbs, turn off unnecessary lighting and take other measures that keep the money in your account.
Cigna recognizes that different employers have different needs. We offer a market-differentiating suite of funding solutions designed to meet these unique needs and offer advantages, such as:
- Help manage risk and cash flow to fit your budget
- Offer payment options to help achieve immediate and sustainable cost savings
- Drive additional savings when health and wellness programs are successful
- Drive informed plan design choices to improve affordability
- Help maximize savings when paired with integrated products
Insured Funding Solutions
Cigna offers four insured funding solutions based on an insurance policy. Please check with your broker or Cigna representative for availability based on employer size and state.
Cigna offers three funding solutions based on self-funded (ASO) agreements. Please check with your broker or Cigna representative for availability based on employer size and state.
Product availability may vary by location, group size and plan type and is subject to change. All group health insurance policies, stop-loss insurance policies and health benefit plans contain exclusions and limitations. For costs and details of coverage, contact a Cigna representative. Group health plans and stop loss insurance policies are insured or administered by Cigna Health and Life Insurance Company or its affiliates. Medical Policy forms: OK - HP-APP-1 et al; OR - HP-POL38 02-13, TN - HP-POL43/HC-CER1V1 et al.