When large amounts of money are at stake, it pays to do your homework. Medical stop loss insurance is an essential purchase for employers who self-fund their employees’ medical benefit plans—but each carrier’s contract can be very different when you look under the hood.
Whether you’re considering new coverage or a change at renewal, it’s important to look at more than names and proposed premium rates. Without careful consideration, you could increase the financial risk of high dollar or catastrophic claims under your employee benefit plan.
Read our recent Inside Track educational paper to learn about some of the items you should consider when evaluating potential stop loss carriers.