Self-insurance policies may have lower premiums and free up a company’s cash flow, but there is risk involved in the event of catastrophic expenses associated with medical claims. And, in 2014, it was reported by Insurance NewsNet that “individual health claims of $1 million or more have increased tenfold over the past four years due to new medical technologies, advanced drug therapy and more Americans insured under health care reform.”

Stop loss coverage protects self-funded entities in the event of unforeseen or significantly large medical and prescription claim amounts made by an employee or their dependents that are above the stop loss coverage limits that best suit your self-funded plan risk needs.

Because of our experience and expertise in procuring, consulting, and servicing stop loss policies for our clients, SA Benefit Services is knowledgeable in researching products that are most beneficial for each client and obtaining competitive quotes.