Free to International Foundation and ISCEBS Members
Recorded Event - September 14, 2020
3:00-4:30 p.m. ET
In its fourteenth year, this annual survey captures the ongoing expense of medical stop loss and its role of protecting self-funded health plans from the volatility of catastrophic medical claimants. The occurrence of truly catastrophic claimants—those in excess of $1 million—is further verified with 31% of respondents reporting such a claimant in the last two policy years. Medical stop loss remains the primary vehicle to protect plan sponsors against this unpredictable financial risk, which can impact not just the plan, but also the broader financial position of the plan sponsor. The presentation will highlight these claim dynamics, share the survey findings on stop loss expense and provisions, and discuss key renewal and coverage strategies. Potential impacts of COVID-19 on coverage and the stop loss market will also be discussed. Its timing is well-situated as many are initiating their upcoming January 1 renewals.
- Understanding of current stop loss premium expense, per survey, and prevalence of coverage components, claims frequency and other risk management strategies
- Awareness of the severity and key drivers behind catastrophic medical claimants in the current health care environment
- Discussion of recommended strategies on your own stop loss renewal or initial review of coverage, in light of the current claims environment and stop loss market