At a time when changing healthcare legislation is creating uncertainty for businesses, private exchanges can help employers stay financially afloat in the choppy seas of benefit changes. Private exchanges—online marketplaces where businesses and people can buy health insurance—are growing rapidly in popularity, a new survey found. The Aflac Healthcare 2015 survey found 86 percent of...
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Self Funding 101 For Employers
Many employers are taking advantage of self funding to reduce costs, particularly medical costs. A self funding 101 lesson for employers is contained in a new report by Sun Life Financial U.S. Tn their Top Ten Catastrophic Claims Conditions report, Sun Life compiles the costliest medical conditions covered by its stop-loss insurance from 2012-15. The...
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What You Need to Know About Stop Loss Insurance
Fifty-five percent of plan sponsors surveyed reported having at least one plan participant with claims that exceeded $500,000 in the last two policy years. Twenty-three percent reported a claimant in excess of $1 million, with 9 percent of those in excess of $1.5 million. (Source: 2014 Aegis Risk Medical Stop Loss Premium Survey). Stop loss...
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