Self-insuring enables employers to provide more comprehensive medical benefits tailored to their unique employee populations while saving 10–25% versus fully insured plans.
Stop-loss insurance protects the employer/plan sponsor in the event of unexpectedly high claims. The benefit to self-funding plan sponsors is to cap the total costs (i.e. risks) of the plan, including catastrophic claims, appropriate to the employer’s financial balance sheet, cash flow profile and the unique makeup of their employee population.
Cook Group Solutions provides fair, competitive premiums backed by A-rated issuing insurance carriers and re-insurers. We partner with creative carriers who are thorough in reviewing cases, and timely in processing claims payments. Our relationships include a broad selection of self-insurance vendors based on demographics, nationwide reach, and specialty. What does this mean for our partners? Access to more aggressive premium quotes than many of our competitors can offer. Registered nurse practitioners work alongside cost-containment vendors to make sure our clients pay reasonable fees for reliable services. Cook Group is recognized for enabling insured employees to get the best possible outcome without excessive burdens on an employer’s bottom-line.
Medical stop-loss provides insurance coverage to self-insured medical plan sponsors to manage risk in the case of medical claims in two forms: specific and aggregate.
Specific stop-loss protects a plan against individual catastrophic claim occurrences (e.g., serious illness, chronic disease, organ transplant, etc.).
Aggregate stop-loss, or group stop-loss, limits a self-funded plan’s financial exposure for the entire policy year against abnormal claim frequency levels across the entire employee population. teste leo