Stop Loss Insurance
What is Stop Loss Insurance?
Stop loss insurance, or medical stop loss, is an insurance product that protects self-funded employers against catastrophic, and unpredictable high-cost claims. Stop loss insurance is designed reimburse the employer for costs over a certain, predetermined threshold, either at the individual member or overall group level. BCS offers flexible specific and aggregate coverage, insurance, risk share and underwriting-only stop loss solutions to meet your needs.
How it works
Specific stop loss provides coverage per individual participant which helps to limit high-cost claimant exposure
Aggregate stop loss provides coverage for the entire group which limits overall claims cost for self-funded employers
Features & benefits
- Allows self-funded groups predictability for catastrophic claims
- Various deductible options allow clients to select their risk tolerance
- Access to optional cost containment and claims management services to help lower overall costs