Stop Loss Insurance

What is stop loss insurance?

Stop Loss insurance puts a cap on the upper-end of what a self-insured employer (business or municipality) pays for health insurance if insurance claims are unexpectedly high from a large number of employees or their families or if one employee is diagnosed with an illness for which the treatments are expensive and ongoing. Not all stop loss carriers or brokers specialize in stop loss insurance. Policies coverage can vary widely so choose a trusted resource to guide you through the process to a plan that meets your needs and your budget.

What is self-funded insurance?

Organizations that are self-insured maintain a fund from which medical insurance claims are paid when employees use their health insurance instead of being fully insured. Self-insuring is a good decision for many medium sized organizations and is the standard for cities, towns, and large businesses. There are risks involved, however, so the decision to self-insure should not be taken lightly.

How can we help?

Considering Self-Funding?

Stop Loss Insurance Brokers, Inc. can assist you in deciding if self-funding is a suitable alternative to your current fully insured health plan.   If so, we can guide you through the implementation of the new plan by introducing you to health insurance brokers for health insurance plans and by quoting  qualified  stop loss carriers that will suit your needs.

Self-Funded Plans

If you are already self-funded and would like some assistance in obtaining Stop Loss Insurance quotes, we can do that.     We partner with the leading insurance stop loss carriers so that we can offer creative, reliable coverage options and competitive pricing.   Once the stop loss program is chosen, we will track large claims and file them with the insurance carrier on your behalf.