|Targeted News Service|
"We are pleased to be able to once again provide objective information about stop-loss insurance," said Foundation Chairman
The underlying policy data for the report was provided by eight of the country's largest stop-loss carriers, representing approximately 50% of the market. Milliman assumed the data is a reasonable approximation of the entire ESL market. A summarization of this data revealed the following:
* Employers with 100 or fewer covered employees represent approximately one-quarter of the ESL market if the market is measured by count of employers. If measured by covered employees, however, that same segment represents only 2% of the ESL market.
* A majority of ESL purchasers obtain both specific and aggregate stop-loss. However, most employers with over 1,000 employees purchase specific stop-loss without aggregate. The number of employers purchasing aggregate coverage without specific stop-loss is very small.
* The data included employers that purchased specific deductibles ranging from
* The median specific deductible found in the calendar year (CY) 2013 data across all plans was
* Approximately 0.3% of specific stop-loss policies with effective dates in CY 2013 had a specific deductible of less than
* The data included employers that purchased aggregate corridors ranging from 85% to 200% of expected claims. By far, the most common corridor (found on nearly 90% of policies with aggregate coverage) was 125% of expected claims.
SIEF is a 501(c)(3) educational foundation affiliated with the
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