Aug 23, 2021 | Cancer, Claims, COVID-19, Mental Health, Stop-Loss
Cancer continues to be the most costly medical condition, according to a recent report from stop-loss carrier Sun Life. In 2020, cancer cases that resulted in stop-loss claims increased by 16%, and cancer drugs made up nine of the top ten high-cost drug claims. The...
Jul 27, 2021 | Forensic claims analysis, Stop-Loss, Trend
The number of claims in excess of $1 million has risen at an unprecedented rate in recent years… but MedBen forensic claims review is helping to control the effect of high-cost claims. The graph below from stop-loss carrier Tokio Marine HCC shows its 2012-20...
Feb 22, 2021 | Claims Management, COVID-19, Stop-Loss
To educate employers on the financial effect of COVID-19 from a stop-loss perspective, Tokio Marine HCC Stop Loss Group (TMHCC) has gathered self-funded claims data where the primary diagnosis was COVID-19 or COVID-19-related. In 2020, TMHCC paid 958 COVID-19 claims...
Jun 11, 2020 | Lasers, Stop-Loss, Third party administration
Stop-loss coverage protects employers against excess and catastrophic claims… and while price is a consideration, it’s important to examine other factors, such as: How long has the carrier been in business? Is the carrier financially sound? What is its A.M. Best...
