As an employer with a self-funded insurance policy, you know that insurance terminology can be rather confusing and difficult to understand – especially if you are running a startup or find yourself in the market for the first time. We strive to help our clients have the best possible understanding of their policies they hold…

If you currently have stop loss underwriting services, or are in the market to obtain some, you probably have a good idea about how catastrophic claims can be a huge blow to your company’s cash flow. What you might not know is that there are typically ten catastrophic claim conditions that account for more than…

In business and in life, there is no way to predict a catastrophic loss. The best we can do is taking proper precautions to ensure minimal damage should something catastrophic happen. When it comes employer-funded healthcare, Managing General Underwriters that provide Medical Stop Loss coverage can help minimalize damage and protect employers in a medical…

Medical stop-loss insurance, also known as excess coverage insurance, intends to provide protection against catastrophic or unpredictable losses for self-funded employers. If a self-funded plan has a more significant claim than its deductible, the stop-loss policy reimburses the excess amount of the loss coverage. Deductibles are limits set in the policy, and in case the…

In the broadest sense, medical stop-loss insurance, which is also known as excess insurance, is coverage that provides protection in the event of a catastrophic or unpredictable loss. This form of insurance is sought after by employers who have made the decision to use their own funds to pay for their employees’ benefit plans. Essentially,…