Stop Loss Insurance Brokers | Health Reinsurance | Health Insurance Stop Loss | SA Benefit Services

Reduce financial risk with stop loss coverage

The Self Insurance Institute of America, Inc. (SIIA) states that “while the largest employers have sufficient financial reserves to cover virtually any amount of health care costs, most self-insured employers purchase what is known as stop-loss insurance to reimburse them for claims above a specified dollar level. This is an insurance contract between the stop-loss carrier and the employer, and is not deemed to be a health insurance policy covering individual plan participants.”

Stop Loss Insurance Brokers | Health Reinsurance | Health Insurance Stop Loss | SA Benefit Services

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.”

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