The escalation in both the cost of health care delivery and the burden of health care regulation has created a growing opportunity for more employers than ever before to self-fund their medical benefits plan to achieve efficiencies and cost savings. This could spell trouble for your business, particularly as middle-market-sized employers begin to adopt this tactic – unless you have effective complementary products and services to offer.
RSL Risk Solutions™ is a flexible program of group stop-loss insurance designed to help your clients who elect to self-fund, maximize their control over health care spending.
Stop-Loss Coverage is a financial safety net for those companies seeking the benefits of self insured risk, controlled costs and improved information.
RSL Risk Solutions offers both specific risk (individual) and aggregate risk (total) stop-loss coverage for groups as low as 50 lives:
Specific risk coverage helps protect a self-funded plan sponsor against catastrophic claims above the specific risk deductible, which can be as low as $25,000 and as high as appropriate for the group and plan.
Aggregate risk coverage helps protect a self-funded plan sponsor in the event that actual claims costs exceed a planned, budgeted amount.
Stop-loss coverage is available for medical plans, including those with accompanying dental and prescription card plans.
Stop Loss Solution Plan Features:
Market-sensitive rating models
Deductible levels as low as $25,000 and as high as appropriate to the group and plan
Group specific rating and cover
Group aggregate rating and cover
No Mandatory Lasering at Renewal
RSL Risk Solutions offers employers the ability to gain the benefits of self-insurance while mitigating risk. The result may be an effective business solution in the face of increasing reform, economic challenges and government intervention.
For Additional Information:
RSL Risk Solutions and the New Reality in Health Care