How can my organization effectively mitigate large increases, changes, or exclusions associated with our existing stop loss program?
The USI Stop Loss Consortium offers pre-negotiated, preferred terms and coverages for USI clients from top-tier stop loss carriers, including no lasers at renewal, capped rates, and insurance coverage that matches plan documents.
The USI Stop Loss Consortium leverages USI’s market size and underwriting expertise to negotiate best-in-class reinsurance contracts for clients.
We've estimated the savings impact for you. Feel free to update the assumptions.
- Saves up to 15% of fixed insurance cost, or an estimated 1-3% of total program costs
- Eliminates exposures to costly lasers, typically greater than $100,000
- Best-in-class contractual provisions
Typical self funded plans include stop loss provided on a bundled basis through an insurance carrier or administrator, and carrier contract provisions and rates are often not held accountable to market competition.
Smaller brokers or single employers often lack the leverage to push back and demand appropriate contractual terms.
Unbundling stop loss insurance from the plan administrator creates a competitive market to access improved terms, conditions and rates.
Employers participating in the USI Stop Loss Consortium enter a direct contract with the carrier and are not subject to group or pooled underwriting within the consortium.
Dividend Programs: Many USI Stop Loss Consortium carriers offer dividends that provide similar advantages to captive participation without the added expense or risk. Potential refunds range from 5% to 10% of stop loss premium.
Plan Mirroring: USI Stop Loss Consortium carriers agree to pay benefits according to the plan document as administered by the TPA, reducing exposure to an uncovered claim and potentially saving hundreds of thousands of dollars.
I’d like to explore further how the USI Stop Loss Consortium can protect my organization's health plan against large claims, changes, and exclusions.
To get started, USI simply needs to review a copy of your current stop loss contract so we can compare it against our Stop Loss Consortium’s terms and conditions.