Mind the gap in your stop-loss contract

The prevalence of high-cost claims have gone up drastically along with the dollar value of those claims. The conditions resulting in claims greater than $1 million are more prevalent today due to advances in medical technology and improvements in life-extending care. According to Sun Life, the 1,979 self-funded employers it counted as customers at the end of…

10 factors to consider in your stop-loss coverage

Self-insuring your employee health benefit plan not only brings upfront cost savings, tax benefits and avoidance of state mandates, but it also provides a foundation for you to achieve sustainable cost management using better control and visibility. To help minimize the risk of unsupportable losses such as catastrophic medical claims or higher utilization, you can purchase…