benefits

10 Questions to Ask When Renewing Stop-Loss

10 Questions to Ask When Renewing Stop-Loss

It’s fall and if you’re a benefits leader, you are probably gearing up for open enrollment and finalizing any new vendor implementations. Now is also the time when most self-insured plan sponsors need to obtain or renew a stop-loss insurance policy, a policy placed on a self-insured medical plan that reimburses the plan sponsor for claims exceeding specified levels. While straightforward on the surface, getting the details right in your stop-loss coverage can save or cost you millions.