February 22, 2012
Protect Your Health Care Plan From Unexpected Costs
Stop-loss Coverage protects your company's self-insured plan from unexpected financial risk by limiting your maximum cost to a predetermined amount. The policy takes over then your maximum liability is reached, allowing you to free up cash flow, fund your plan with a smaller reserves, and avoid costly surprises.
In addition to the significant savings you'll enjoy, this arrangement allows your company to offer a wider range of health care coverage, increasing employee retention and productivity rates.
You choose when your policy comes into play based on the needs of your workforce.
For example, "specific" stop-loss insurance can handle the expenses of each employee when they exceed individual deductible, protecting you from catastrophic claims.
Alternatively, you can setup an "aggregate" policy that takes effect when the total costs of all employee claims exceed a fixed amount. Your Benovation representative can help you determine which solution offers your company the best savings potential.
Whichever option you choose, Benovation will ensure that your coverage works seamlessly with your self-funded plan to provide high-quality, uninterrupted coverage for your workforce.
Benovation partners with multiple stop-loss insurance specialists to keep your options open and your rates as low as possible. Each has more than 20 years experience offering economical coverage at competitive rates.
| Our current partners include: |
Benovation continues to expand its partner network to bring you the highest-quality coverage at reasonable rates. We won't hesitate to work with companies not listed here if we find a better fit for your organization
