Medical Stop Loss insurance protects self-funded plans against excess medical expenses.  You can tailor a plan to your group, with limits and benefit amounts that work for you.  Generally, there are 2 types of Stop Loss coverage:  Specific and Aggregate:

Specific Stop Loss protects a self-funded plan from a large claim for any individual plan participant or dependent that exceeds a predetermined dollar amount during a specific period of time. 

Aggregate Stop Loss Insurance, which protects a self-funded plan from claims incurred in total for an entire group when the actual claims are higher than expected over a specific period of time. 

For more information, please contact our group sales team leader, Larry Paradise at (630) 743-4252.