Compensation Strategies Group, Ltd.
Nova 401(k) Associates
Nicholas Pension Consultants
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|Catastrophic Claims Warrant Use of Stop-Loss Insurance|
PLANSPONSOR; free registration may be required
June 22, 2015
"[A recent report] shows that individuals with claims in excess of $1 million remain a major driver of stop-loss payments, accounting for $348 million of the total paid stop-loss claims. Cancer, congenital anomalies ... and premature births account for 28% of all claims breaching the $1 million mark. The findings confirm the need for self-funded employers to protect against common health events that could turn into catastrophic claims."
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