When a company chooses self-funding, it has an important decision to make: to bundle medical and stop-loss coverage together with one carrier, or to work with an independent carrier for stop-loss coverage, such as Sun Life Financial.
There are three key benefits to choosing an independent stop-loss carrier, which include:
- The ability to work with stop-loss experts—such as sales, underwriting and service professionals who have specialized in stop-loss for years—throughout the entire process.
- The potential to save money as the stop-loss carrier can serve as a "second set of eyes," making sure medical claims are processed accurately.
- Additional flexibility with the ease of working with more than one claim administrator, or the ability to seamlessly change claim administrators.
We are your second set of eyes. By working with our stop-loss sales and clinical specialists, we can help you save money—possibly up to $700,000, which is what happened in one recent case! Take a look at three of our recent cost-containment success stories to learn more about how our stop-loss experts can help identify options for high-quality and convenient care, cost-effective solutions, and our ability to review claims to look for unreasonable charges.
Group stop-loss insurance policies are underwritten by Sun Life Assurance company of Canada (Wellesley Hills, MA) in all states, except New York, under Policy Form Series 07-SL REV 7-12. In New York, group stop-loss insurance policies are underwritten by Sun Life and Health Insurance Company (U.S.) (Lansing, MI) under Policy Form Series 07-NYSL REV 7-12. Product offerings may not be aailable in all states and may vary depending on state laws and regulations. SPLC 29072 05/18 (exp. 05/20)
