Category Archives: Stop Loss
Battling Benefits Fraud: How Advisors Can Help
People often view insurance fraud as a victimless crime, affecting big companies rather than small businesses and employees. They couldn’t be more wrong! Fraud raises premiums for both employers and employees—everyone pays the price. According to the Canadian Health Care Anti-Fraud Association, benefits fraud costs the industry between $1.2 and (…) [Read Full Article]
Common Benefits Advisor Problems: Pricing Pandemonium
Every benefits broker has had the stressful experience of having to tell their clients that premiums are increasing – clients certainly aren’t happy to hear this news, you’re going into the conversation already on the defense, and sometimes the relationship you’ve built can even take a blow. But it doesn’t (…) [Read Full Article]
Posted in Coordination of Benefits, Stop Loss
How Stop Loss Insurance Protects Employee Benefits Plans
New innovations in health care are creating new opportunities for treatment, but also new risks that call for specific insurance protection. Prescription drugs for certain medical conditions such as rheumatoid arthritis, cancer, and multiple sclerosis, are now being prescribed at a cost of $30,000 per year and more. If these (…) [Read Full Article]
Posted in Benefits Costs, Employee Benefits, Stop Loss
Tags:benefits, health care, hr, stop loss
Posted in Fraud Prevention, Stop Loss