In the first part of this two-part blog, I recommended a number of important items to keep in mind as you select a stop loss carrier. Additionally, here are a few other things you will want to look for, or ask about, when selecting a stop loss carrier. While this is not an exhaustive list, these are some of the most frequent items I have seen that cause issues or gaps in coverage.
Topics: health care claims, insurance cost control, stop loss coverage, insurance risk management, medical necessity
The age-old adage, "you get what you pay for," certainly holds true in the stop loss industry. I cannot stress enough how important it is to look at more than just the premium rates on a spreadsheet.
Topics: employee benefits, independent employee benefits advisors, group benefit plans, UMR, stop loss coverage, coverage gaps, Steven Goethel