Allay is a technology based, full service benefits consulting firm. Allay is built by software engineers, designers, and insurance experts in order to help companies with 5-500 employees save money on health care costs.
Big companies get lower healthcare costs because they use expensive benefits consultants to self insure and customize their benefit plans. By doing this, the big companies save 10%-25% on health insurance.
Until now it has been too time consuming and risky for smaller companies and traditional insurance brokers to do this.
But with Allay, companies with as few as 5 employees are now able to pay a guaranteed fixed monthly contribution and collect a refund on the contributions that were not used for claims. This lets companies pay for what is actually used, and ensures they don’t have to pay more than the fixed monthly premiums.
This is an unprecedented opportunity for companies to reduce their healthcare costs long term.