The Self Insurance Protection Act has provided protection through employer-sponsored insurance to millions of workers within the United States. As this bill continues through the legislative process to become law, self-funded employers need be following the movement of this monumental document for stop loss insurance.Continue Reading >
Hiring a stop loss insurance broker entrusts the specialist with the betterment of your insurance and risk management. To ensure your stop loss insurance broker is acting in your best interest, certain questions must be asked during the hiring process.Continue Reading >
As lawmakers work to improve the quality of healthcare and preventative solutions, the American healthcare system is left with holes that do not address the growing opioid epidemic. As opioid abuse increases, the number of self-funded employers footing the bill for drug abuse issues of employees goes up as well. Self-funded employers need to know how to protect themselves in the current political climate, should this situation arise.Continue Reading >
Specialty drugs can be up to 50 times more expensive than traditional drugs. Though specialty drugs have been associated with significant improvements in terms of good health over time, they are not without their faults. Are the positive effects worth breaking the bank?Continue Reading >
In July of this year, Sun Life Financial released its fourth annual Top Ten Catastrophic Claims Conditions report. In this post, we take a look at Sun Life Financial’s 2016 report and compare it to previous reports. Read on to gain insight on stop-loss claims trends that may affect your self-funded plan in 2017.
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Insurance industry terminology can be confusing and overwhelming. In addition, Stop Loss insurance has its own set of jargon that can add to the potential confusion. We’ve come up with a list of terms you may come across when researching Stop Loss insurance to eliminate any confusion around insurance industry terms.Continue Reading >
With the rapid advancements we are seeing in the healthcare and medical industries, telemedicine has become a relevant method of patient consultation. Telemedicine, which has been around for over a decade, initially received skeptical views. Many questioned its validity as a thorough alternative to actually coming in to see a medical professional. Now, it is poised to reinvent how we view patient consultations.Continue Reading >
The health plan marketplace is shifting toward high deductible health plans (HDHP) such as health savings accounts (HSA) and health reimbursement arrangements (HRA) over traditional plans (PPO or HMO). Employers are making these plans available in an effort to reduce costs and shift risk toward the employee.
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Growing efforts have been made to help consumers make more educated decisions about their healthcare providers with greater price transparency information. Consumers can now gain control over their medical spending. Here are a few of the organizations leading the way with resources for healthcare consumers.Continue Reading >