Free to International Foundation and ISCEBS Members
October 12, 2017
3:00-4:30 p.m. ET
Catastrophic medical claimants, in the wake of several years without any annual or lifetime dollar limits under the ACA, are becoming larger and increasingly more common. Claimants in excess of $5 million are no longer uncommon. Over one in five respondents to the annual Survey report a million dollar or more claimant in the last two 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 the entire financing and 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. Its timing is well situated as many are reviewing or obtaining their January 1 renewals.
- Awareness of the severity and key drivers behind catastrophic medical claimants in the current health care environment.
- Understanding of current stop loss premium expense, per Survey, and prevalence of coverage components, claims frequency, and other risk management strategies.
- 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.