Hunter Insurance

Hunter Insurance SPECIFIC OR AGGREGATE STOP-LOSS:
WHICH IS RIGHT FOR YOUR BUSINESS?
Large corporations have used self-funded healthcare plans for years. Now
the availability of stop-loss insurance is making this healthcare model available
to small-to-medium-sized businesses too. A self-funded healthcare model is a group plan in which the company pays its employees claims itself. It can save an employer money if employees make fewer claims than anticipated; however, if
the opposite happens and claims exceed budgeted funds, the model becomes too risky for many businesses. This is where stop-loss insurance provides additional protection. Its a type of insurance for the insurer that pays claims above the employers deductible amount. Specific (or individual) stop-loss insurance protects against high-value claims from one person. Aggregate stop-loss protects against the claims of all covered individuals collectively.
Whether its personal, business, or life insurance, HUNTER INSURANCE, INC. designs and develops total insurance programs. To learn more, please
call 769-9500, or visit our agents at 389 Old River Rd., Lincoln. As an independent Trusted Choice agency, we are able to choose from a group of reputable insurance companies and underwriters, offering superior coverage at a competitive price.
HINT: An employer need not choose between specific stop-loss and aggregate stop-loss insurance but can instead combine these policies for the best protection.