Group Products
Employer Stop Loss
As a national Stop Loss insurance carrier, the insurance companies of HM Insurance Group utilize their financial security, market knowledge and experience to design innovative and financially attractive Stop Loss programs. HM Insurance Group's Stop Loss coverage can be tailored to satisfy the employer's level of risk tolerance.
Employer Stop Loss
Through HM Insurance Group, both Specific Stop Loss and Aggregate Stop Loss coverage are offered, as well as a range of deductibles and contractual options. Aggregating-Specific and monthly accommodation options also are available.
With Specific Stop Loss coverage, contracts are offered on an incurred and/or paid basis and tailored to fit the employer's needs. Accommodations can be made for specific deductibles based on the group size and expected claims, depending on state law.
Flexibility and experience are key in writing Aggregate Stop Loss policies. Group policies can be written to include medical, dental and vision expenses, plus prescription drugs or short term disability options.
Other features of HM Insurance Group's Employer Stop Loss coverage include Aggregating Specific, Specific Terminal Liability and Aggregate Terminal Liability. Aggregating Specific provides a means for employers to reduce their Stop Loss premium by assuming more of the risk. Specific Terminal Liability and Aggregate Terminal Liability coverage are available to extend Stop Loss insurance for an additional three months following the termination of a policy.
Employer Stop Loss Product Features
We are skilled in structuring flexible plan designs through innovative underwriting to help protect employers with self-funded health plans from unexpected or catastrophic health claims.
- Specific only
- Specific and Aggregate
- 12/12, 12/15, 12/18, 12/24, 15/12, 18/12, 24/12
- 100 life minimum
- Up to $5,000,000 per lifetime
- From $25,000 to $500,000
- Up to $2,000,000 per policy period
- Aggregating specific
- Specific terminal liability
- Aggregate terminal liability
- Monthly aggregate accommodation
- Advance funding
- Bridge renewal option
- Two-year specific rate cap
- Medical, dental, vision, prescription drugs and short term disability coverage (aggregate only)
Certain exclusions and limitations apply. Coverage may vary by state and is subject to all applicable rules, laws and regulations.
