With health care costs rising every year, a growing number of employers are choosing to self-fund their medical insurance plans. Unum's Stop Loss Insurance helps protect these companies by limiting their exposure to financial losses from excessive medical claims.
Specific Stop Loss Insurance helps protect self-insured employers when a covered person has a catastrophic health event that results in expensive claims.
When a covered person's medical claims exceed a pre-determined limit, Unum reimburses the employer for the difference.
Aggregate Stop Loss Insurance helps protect self-insured employers when the company's total medical claims are higher than expected.
If paid claims exceed expected claims by more than 25 percent (not counting any claims paid under Specific Stop Loss coverage), Unum reimburses the employer for the difference.
Underwritten by: Unum Life Insurance Company of America, Portland, ME
In New York, underwritten by: Provident Life and Casualty Insurance Company, Chattanooga, TN
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