A shared services model is effective in purchasing energy, supplies and services. In establishing the shared services model, called a Health Insurance Fund or HIF, we are controlling health insurance costs for public entities while granting unparalleled control and complete operational transparency. By bonding together through the HIF model to increase bargaining power and leveraging economies of scale, some estimates show that public entities in New Jersey saved more than $1 billion!

The Coastal Fund is regionalized and regulated by the New Jersey Department of Banking & Insurance, offering unparalleled control to your benefits program. When you join Allen Associates, you own the process, the products and the results, so you can:

  • Save money by reducing the expenses and profits included in insurance premiums
  • Maintain or change your benefits as needed
  • Reduce your administrative costs by leveraging the total size of the Fund
  • Cap your overall risk exposure at a manageable level
  • Establish long-term stability for your health benefits program costs

The Coastal Fund from Allen Associates and PERMA Risk Management is exclusively for public entities with a strong claims history and strong loss records. Your group may be eligible.

Our Fund

The Coastal Fund serves governmental entities and school districts throughout Atlantic, Cape May, Cumberland and Salem Counties. The HIF contracts with well-known providers of health benefits such as:

  • Aetna
  • Express Scripts
  • AmeriHealth
  • Delta Dental of New Jersey
  • and more.

Each public entity is represented by a self-appointed Fund Commissioner. These individuals can have as little or as much involvement in shaping the Fund’s overall direction as they choose. Depending on their needs, the Executive Director and Fund Coordinator can manage every aspect of the Fund: day-to-day functionality, vendor selection, long-range forecasting and much more.

Put our Experience to work for You

The Coastal Fund, like all HIFs, leverages decades of public entity health insurance expertise to address your needs. The result is a Fund that delivers year after year.