The cost of medical care continues to rise in the U.S.  As a leading provider of Medical Stop Loss insurance for the union workplace, Union Labor Life offers tailored coverage to protect a self funded plan in the event of medical claims exceeding the plan’s deductible and provides the expertise to help manage and reduce those claims, thereby saving the plan money.

Stop Loss coverage is available to reimburse your plan for medical and related expenses and includes: 

Specific Stop Loss: Designed to protect plans from large medical claims on any individual plan participant or dependent. 

• Policy deductibles range from a minimum of $20,000 to a maximum of $1 million or more.
• Maximum annual coverage limits up to $10 million per policy.
• Specific Stop Loss insurance may be purchased separately or with Aggregate Stop Loss insurance.
  

Aggregate Stop Loss: Protects plans from medical claims that are higher than expected for an entire group.

• Standard coverage limits of $1 million with higher limits available.
• Aggregate Stop Loss is available only in conjunction with Specific Stop Loss.

Prescription Stop Loss: Designed to cover higher than expected prescription drug claims for a self - insured group.  This coverage can be purchased in conjunction with an Aggregate Medical Stop Loss plan or on a standalone basis. 

Innovative Solutions:  Offers value added programs to our Medical Stop Loss insurance to help manage health plan costs.  These programs include:

• Group Purchasing options tailored for a plan sponsor that promotes a combined  purchasing approach to its member plans.
• Medical Stop Loss Captive Insurance option for organizations or groups of policyholders with similar risk profiles to help policyholders benefit from their own favorable experience by pooling their risk approach. This captive may help groups better predict expenses and protect assets.
• Multi-Year Premium Lock options for qualified groups which help plan sponsors better predict costs by locking in renewal rates for multiple years on Specific Stop Loss coverage.

The Union Labor Life Stop Loss program offers The Union Labor Life Insurance Company (rated B++ by A.M. Best) policies in all 50 states and the District of Columbia, the Fidelity Security Life Insurance Company (rated A- by A.M. Best) policies in 49 states and the District of Columbia (not available in New York), and Gerber Life Insurance Company (rated A by A.M. Best) policies in New York.  Ratings as of 9/30/11.

For more information, please contact our group sales team leader, Larry Paradise at 630.743.4252.

Click here to download our Medical Stop Loss flyer in pdf format.