CEO on company's switch to Everlong: 'I had absolutely no idea what partial self-funding or complete self-funding insurance even was'

Rebekah Barr, CEO of Allyon, thought she had good health insurance, until the premiums started rising 15% to 20% percent a year.

"Benefits are very important when it comes to employee attraction as well as retention," Barr said.

The company decided to try a different strategy after the premiums increased, which brought them to Everlong Captive, which introduced them the idea of self-funded insurance.

"I had absolutely no idea what partial self-funding or complete self-funding insurance even was," she said.

The self-funding insurance with Everlong has allowed her employees to not only be healthier, but also to get the same insurance at much lower premiums compared to traditional health insurance premiums. They have been able to provide incentives for employees, one being a free gift card when one of their employees hits a certain milestone. 

"We have been able to save hundreds of thousands of dollars by making the switch to Everlong," Barr said.

Everlong's approach is to place companies in a "captive cell," where they will be able to get active policies that pertain specifically to their business.

"Everlong members participate in an innovative insurance and funding solution that takes the profits that health insurance carriers make on individual plans and pays that money back to them as owners of the Captive," Everlong said on its website. "The result is significantly lower insurance costs for the same level of benefits."