Secrets to Unbeatable Self-Funded Stop Loss Coverage
Real-World Examples and Data
According to a study by the Kaiser Family Foundation, approximately 61% of covered workers are in a self-funded plan1. This growing trend highlights the increasing trust businesses place in self-funding as a viable option for health benefits. Moreover, companies that implement effective stop loss strategies often report a reduction in overall healthcare costs by 10% to 25%2.
Exploring Your Options
If you're considering self-funded stop loss coverage, it's essential to explore the various options available to determine the best fit for your company. Many insurers offer customizable plans that can be tailored to your specific needs. By visiting websites and consulting with industry experts, you can gain insights into the most competitive and comprehensive stop loss solutions. Additionally, some insurers provide value-added services such as wellness programs and chronic disease management, which can further enhance the benefits of your health plan.
Ultimately, adopting self-funded stop loss coverage can be a strategic move for your business, offering financial protection, cost savings, and the flexibility to design a health plan that aligns with your organizational goals. By taking the time to research and explore the options available, you can position your company for long-term success in managing healthcare costs.