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Attract and retain employees
Research shows that generous employee benefits are a great way to attract and retain employees. At the same time, experience tells us that employee benefits are one of the biggest expenses on your balance sheet.
Choosing Allstate Benefits
Allstate Benefits products give your employees the protection they want while keeping your bottom line in mind. Our supplemental offerings are employee-paid – but with the advantage of great group rates and convenient payroll deduction. And our Group Health Self-Funded Program helps you establish, administer and maintain self-funded medical benefits for your employees.
Plus, we make it easy to offer your employees these great benefits, with first-rate customer service and seamless onboarding and integration.
We work with businesses of every size, from three employees in one location to tens of thousands spread around the globe. From our Small Market Solutions portfolio for businesses with under 250 employees, to our National Accounts team that serves some of the largest retailers in the country, the Allstate Benefits team works with you to deliver a great experience for you and your employees.
HRA
Health Reimbursement Arrangements (HRA) are designed to assist with healthcare expenses, and provides our average client over $5,900 in tax savings. This plan allows small business owners the opportunity to deduct up-to 100% of health care costs, including individual insurance premiums and qualified out-of-pocket medical expenses.
EBHRA
Excepted Benefit Health Reimbursement Arrangements allow employers of all sizes to use tax free dollars to reimburse certain benefits. Employers must offer group health insurance, but employees don’t have to be enrolled in the group health plan to benefit from the EBHRA.
ICHRA
The Individual Coverage HRA allows employers the opportunity to increase flexibility and employee choice by designing a reimbursement plan for their employees individually purchased insurance.
The ICHRA will integrate with individual health insurance to provide business owners with a great alternative when it comes to providing health benefits. This type of plan provides a health benefit to better fit the needs of many businesses. Overall the BASE® ICHRA helps to streamline benefit options and cut costs without reducing value when it comes to health benefits for employees.
Integrated HRA
The Integrated HRA is available for employers with a group health insurance plan in place who are looking to reduce the overall cost of insurance coverage. The BASE® Integrated HRA, also known as a Medical Expense Reimbursement Plan (MERP), is an employer-paid reimbursement program, designed to specifically assist employees with medical expenses. This means savings for employers and more options for employees.
QSE HRA
The Qualified Small Employer Health Reimbursement Arrangement helps employers offer their employees a more attractive benefits package. This plan allows employers to help their employees pay for qualified medical coverage for themselves and their families, tax-free. The employees can use the money for insurance premiums, co-pays, deductibles, eye care, dental care, or any other qualified healthcare expense. The amount provided is tax-free to the employees and 100% tax deductible to the employer.
HSA
The Health Savings Account is a special type of bank account designed to help individuals save and pay for qualified medical expenses, while also allowing the opportunity to save for the future, and/or invest funds to build wealth. An HSA allows participants in a qualifying High Deductible Health Plan (HDHP) to save money on a pre-tax basis to pay for qualifying medical expenses now or in the future. HSAs also offer excellent tax benefits to help individuals make the most out of every health care dollar, making it a powerful tool for diversifying retirement portfolios.