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Press Release

OneDigital Launches Stop Loss Center of Excellence

Issued by OneDigital

July 26, 2022

New Solution Extends OneDigital’s Platform of Integrated Insurance Offerings

ATLANTA, GA -- OneDigital, a leading insurance, financial services and HR consulting firm, today announced the launch of its Stop Loss Center of Excellence (SLCOE). The new offering will provide OneDigital’s customers with 100+ members with a streamlined process and a dedicated claims and service team to alleviate the complexities associated with a third-party stop loss vendor and is the latest demonstration of the firm’s investment in products and technology.

Stop loss insurance is purchased by employers who self-fund their employee benefit plans but do not want to assume 100% of the liability for catastrophic losses. Under a stop loss policy, the insurance provider becomes liable for losses above a deductible set in the policy.

This critical cost management tool for self-funded health plans extends our ability to serve our customers holistically and is another example of the ongoing investments OneDigital is making to increase our complete platform of offerings.  - Camry Blaising, Executive Vice President of Operations, OneDigital

OneDigital’s new SLCOE provides claims support, allowing for claims oversight and expedited reimbursement. The offering relieves the administrative burden for OneDigital teams and customers, delivering an efficient process and giving employers back the funds they need to reinvest into their workforce quicker. In addition, the SLCOE will identify and manage a panel of select top-rated stop-loss carriers to offer annually renewable contracts with best-in-class provisions.

In these uncertain times, having the right financial protection is key. Stop loss coverage can help businesses save money and improve the health outcomes of their workforce while minimizing financial risk. Our Stop Loss Center of Excellence is the perfect extension of OneDigital’s Power of One and our ability to provide businesses a single solution to help solve their most challenging business problems.  - Monique Burke, Director, OneDigital’s Stop Loss Center of Excellence

The SLCOE is another example of OneDigital’s strategic investments to diversify its offerings that will help accelerate the firm’s growth. To learn more about OneDigital’s Stop Loss Center of Excellence, visit OneDigital.com/stop-loss-insurance/.

OneDigital

OneDigital delivers strategic advisory consulting and technology-forward solutions to more than 85,000 employers across the nation. As employee health care, wellness and workplace benefits continue to converge, businesses of all sizes have relied on OneDigital’s exceptional advisory teams for counsel in employee benefits, wellbeing, human resources, pharmacy consulting, property and casualty solutions, as well as the retirement and wealth management services provided through OneDigital Investment Advisors. OneDigital’s commitment to technology and innovation enables its 3,000 employees to deliver the most modern and intuitive customer experience anywhere in the industry.

OneDigital has been named as a Best Place to Work in Insurance by Business Insurance. For more information, visit onedigital.com.

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Editor's note: This press release has been issued by the company named above, not BenefitsLink. Reliance on information in this press release might be prudent only after an independent review of its accuracy, completeness, efficacy, and timeliness. Reference to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by BenefitsLink.

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