HR professionals and business attendees will learn about the key concepts of stop loss coverage, specific policy points to be aware of, and what to look for in a stop loss partner.
Stop loss coverage is a key element to self-funded benefits plans, offering important protection against high-dollar claims. These policies contain complex and binding language, making it essential that you choose the right stop loss partner and understand the parameters of the agreement you are entering.
To help HR professionals and business owners better understand stop loss solutions, United Benefit Advisors (UBA), in conjunction with UMR, will host a webinar — “The Right Stop Loss Solution = Savings + Security” — on Tuesday, December 6, 2016, at 3:00 p.m. ET. To receive complimentary access to the webinar, enter code UMRCmp122016 at registration.
“Stop loss has become a popular solution to the problem of rising insurance premiums, but there are certain things to watch out for when controlling costs that will help reduce confusion regarding coverage and risk,” says Steven W. Goethel, CEBS, Vice President Customer Solutions – Stop Loss & Reporting at UMR. “Benefit administrators and HR professionals will benefit from learning how the differences in plan design and underwriting practices can impact a plan and its coverage.”
About the Presenter
Steven (Steve) Goethel is vice president customer solutions – stop loss and reporting for UMR, the third-party administrator (TPA) unit of UnitedHealthcare. He is responsible for the company's stop loss marketing, stop loss recovery activities and relationships. In addition, he also is responsible for the Information and Analytic Services (IAS) function, which is responsible for customer plan performance reporting. Mr. Goethel brings more than 25 years of marketing, business development, technology and customer solutions experience to his role. He joined the organization as a pension analyst and soon transferred to pension marketing and later employee benefits marketing. Mr. Goethel then joined the business development unit, helping to develop the request for proposal and renewal process. His technology management positions within UMR include work on Intranet and Internet initiatives and later technology management and business development. In 2003, he joined the customer solutions team as director, product management – middle market and stop loss. Mr. Goethel is a native of Grafton, Wis. He received a bachelor's degree in business administration from the University of Wisconsin-Eau Claire. He earned the designation of Certified Employee Benefits Specialist (CEBS) in 1995.
UMR is a UBA Strategic Partner for third-party administration (TPA) services. UMR, the TPA solution from UnitedHealthcare, has more than 65 years of experience listening to and answering the needs of self-funded employers. We work closely with clients to build strategies that lower costs, improve employee health, and help them achieve their health plan goals. UMR is strategically built for solutions. We work closely with our self-funded clients to lower their medical costs, improve the health of their employee populations, and help them achieve their benefits goals. We achieve this by employing a comprehensive selection of in-house products and services and external vendor relationships. For more information, visit www.umr.com.
About United Benefit Advisors®
United Benefit Advisors® (UBA) is the nation’s leading independent employee benefits advisory organization with more than 200 offices throughout the United States, Canada and the United Kingdom. UBA empowers more than 2,000 Partners to both maintain their individuality and pool their expertise, insight, and market presence to provide best-in-class services and solutions. Employers, advisors and industry-related organizations interested in obtaining powerful results from the shared wisdom of our Partners should visit www.UBAbenefits.com.