STOP LOSS
Double-digit premium increases are a common occurrence for many employee group plans. Companies are looking for other alternative measures to provide medical benefits for their employees and minimize the impact of rising medical cost. Self Funding/Self Insurance with Stop Loss Coverage provides an alternative measure to traditional medical coverage. Life Insurance can be combined with Stop Loss coverage to promote a sound benefit plan for group. We would like the opportunity to discuss how Self Funding/Self Insurance can reduce your medical expense coverage for your group.
MARKETING AND UNDERWRITING GUIDELINES
.: QUOTING
A - Rated or better carriers
Domestic Reinsurance – A++ Rated
75+ employee lives
Specific Levels from $25,000
Certain Industries are ineligible
Municipalities (city and county groups), School Districts and Hospitals must have prior approval
Experience required for all groups
PPO savings reports allow for additional specific discounts
Implementation of UR assumed for additional specific discounts
Part-time employees ineligible
Quote requests should be sent to
Fax: 504-443-6004 or stoploss@globalbenefitsla.com
.: CONTRACT PROVISIONS
Specific Advanced Funding
Monthly Aggregate Accommodation available for groups of 250 lives or less
24/12 contracts available for incumbent TPA cases
Medical and rx covered by specific, if requested
Increased maximum reimbursement amounts available for specific
Terminal Liability Option available
.: LIFE
A Rated or better carriers
Flat benefit or multiple earning schedules
Experience and rate history required for groups over 350 employee lives
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