The future of many industries is fascinating and highly promising. Of course, health care is no different when it comes to cutting edge treatments and technologies. One of the most exciting emerging areas of healthcare is called precision medicine or personalized medicine. Precision Medicine Defined According to the Precision Medicine Initiative, precision medicine is “an…
Read moreEmployers with self-funded medical stop-loss plans could see significant changes to their healthcare in 2019, due to a bill that was proposed by Senators in September 2018. The bill is called “Protecting Patients from Surprise Medical Bills Act” and its intention is to help prevent the amount of bankruptcies filed by U.S. citizens due to…
Read moreAs 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…
Read moreIf 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…
Read moreIf your company has more than 51 employees, self-funded health insurance with stop loss underwriting services can be an excellent way to make sure that your business is as protected as possible. You can’t predict individual or aggregate claims that are abnormally larger than most other claims, and you likely won’t have access to stop…
Read moreIn 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…
Read moreIf you started your own business and it has successfully expanded, you finally hire employees to grow your business. But the hiring process includes many steps and aspects that you have to consider as an employer. One of the elements is medical health care and health benefits. Many employers consider self-funded health care, which is…
Read moreMedical 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…
Read moreIn 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,…
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