Employee Benefits

Offer better care for your employees, and gain control of your medical costs

Cobbs Allen delivers better results by properly matching organizations with the best funding mechanism and cost containment strategies for their needs and objectives.

Alternative Funding Mechanisms:

In the heavily regulated world of insurance, alternative risk financing structures can allow high performing employers and employee groups of all sizes to get out of the trap of state-regulated rates and insurance company premium structures.

Cobbs Allen consults with our clients on the following alternatively financed program options:


The rising costs of healthcare have pushed more employers to consider self-insurance. Cobbs Allen’s experience working with self-insured health plans provides the insight clients need, resulting in better control and lower costs.

Employee Benefits Group Captive

Affords small to mid-size employers the opportunity to collaborate with other like-minded employers to reap the benefits of self-insurance. By sharing an additional layer of stop loss protection employers can mitigate the impact of high individual and aggregate claims. Cobbs Allen has partnered with a nationally recognized captive manager to assist our clients with making the transition into a benefits captive program.

Carve Outs

Carve outs allow employers to better control costs by aligning with vendors who manage specific areas of claims spend including behavioral health and prescription drugs. Cobbs Allen analyzes whether a carve-out program may achieve plan savings and works alongside our clients to implement these solutions.

Reference-Based Pricing

For employers seeking an innovative approach to cost savings, Cobbs Allen can help to explore and implement a reference-based pricing model. Under this model provider payments are based upon a percentage of Medicare reimbursement rates rather than the traditional provider discount structure. Tying payment to pre-determined Medicare reimbursement rates improves provider accountability and pricing transparency.

The Cobbs Allen Difference

What makes Cobbs Allen different? We strive to understand your organization’s goals as we analyze and manage the risk associated with your business. We use that knowledge to bring creative solutions to the threats you face, not just place your insurance coverage.

Take the Next Step

Learn more about our Employee Benefits Solutions by talking to an Employee Benefits Consultant


Cobbs Allen is a national independent agency focused on risk management in niche practice groups. We deliver commercial insurance, employee benefits, personal insurance, and alternative risk financing services to our clients. Headquartered in Birmingham, AL, the firm is ranked in the top 100 of privately held brokerage firms and the top 100 of all U.S. brokerage firms.



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