Symetra Enhances Stop Loss Coverage for Employers With Symetra Compliance Solutions
Symetra(R) Life Insurance Company, a medical stop loss pioneer and leading carrier for more than 40 years, has introduced a new addition to its stop loss coverage --
"Today's benefits landscape is a challenge for employer groups that self fund their health care -- rising costs, regulatory changes, and all the questions that come with them. Our vision is to help self-funded employers better understand and control their health care costs, and we saw an opportunity to add genuine value through
Stop loss policyholders may access
* Connect with ERISA attorneys for advice and answers to specific regulatory and compliance questions related to their health plans.
* Access educational webinars, resources and tools.
* Complete a compliance assessment to identify areas of risk followed by a discussion facilitated by an ERISA attorney.
* Use a compliance risk tool and annual calendar to document required tasks.
Medical stop loss insurance protects companies that self-fund their health insurance plans against large or catastrophic claims. Employers with Specific stop loss insurance are reimbursed for individual employees' medical costs above a certain pre-determined dollar amount. Aggregate stop loss insurance protects against unexpectedly large amounts of total medical claims.
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