Compared to buying health insurance, self-funding your employee’s medical benefits can lower your costs. But it also exposes you to the risk of high claims. With options designed to fit your needs and budget, Unum Stop Loss Insurance can help reduce that risk.
|Specific Stop Loss||Aggregate Stop Loss|
|Best fit for||Specific Stop Loss Insurance works best if your organization is more concerned with medical costs associated with a specific employee, rather than costs associated with the entire group of covered employees.||Aggregate Stop Loss Insurance works best if your organization is more concerned with overall costs, rather than costs associated with a specific individual employee.
|How it works||When a covered employee's medical claims exceed a predetermined limit, Unum reimburses the employer for the difference.
||If paid claims exceed expected claims by a predetermined percentage — typically 25% (not counting any claims paid under Specific Stop Loss coverage) — Unum reimburses the employer for the difference.
* Many larger employers purchase specific coverage only.
With 175 years of employee benefits focus and expertise, Unum has a proven track record of helping companies across the nation offer the best benefits to their employees. We serve 57% of Fortune 100 companies or their subsidiaries and affiliates, protecting 36 million employees and their families.1
Stop Loss solutions provides the protection your company needs, so you can focus on what matters — helping your employees work happier and healthier — instead of worrying about risk management.
1. Fortune 500 2022; Unum internal data, 2022
Underwritten by Unum Life Insurance Company of America. In New York, underwritten by Provident Life and Casualty Insurance Company. The policy or its provisions may vary or be unavailable in some states. The policy has exclusions and limitations which may affect any benefits payable. See the actual policy or your Unum representative for specific provisions and details of availability.