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 your company by limiting financial losses from large or unexpected patterns in medical claims.
|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.