What Is Lasering In Stop Loss Insurance

September 13, 2021

Isolating specific individuals for a higher stop loss deductible is known as “lasering” and has always been a common practice in the medical stop loss industry. Our comprehensive approach can help you with the right care and claims management strategy:

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If the retention on a reinsurance policy is $500,000, then $500,000 is the “attachment point” and any losses beyond that would be covered by the reinsurance treaty (written as an excess of loss treaty).

What is lasering in stop loss insurance. She has over 30 years experience in the industry and currently serves on the health care committee of self insurance institute of america. Denise doyle is the president of stop loss insurance brokers, inc. [that cost being “pushed back” or made the responsibility of the employer, not the employee.]

We are seeing claims in excess of $10 million in the marketplace. Rest of the insured population. What does “laser” mean in stop loss insurance?

Stop loss insurance is underwritten by unimerica insurance company. But as employers seek to renew their stop loss coverage, reinsurance companies are lasering, or carving out, severely ill employees from coverage. As with a laser that pinpoints one specific thing, so does this for stop loss.

Lasering is often negotiated during a stop loss policy renewal, though it could happen after the disclosure phase within the initial negotiations for coverage The practice can actually go beyond what you stated. Stop loss insurance is underwritten by unimerica insurance company.

Put another way, it is the coverage threshold. Any amounts below this attachment point would be paid for by the primary. It is the point at which excess insurance (or reinsurance) would kick in.

The carrier can actually laser the risk out of the plan completely. A laser is the practice of assigning a higher specific deductible for an individual with a known condition that is. Stop loss protects an employer form being hit with a single medical bill that could wreak havoc on its health plan, reserves or even it’s ability to operate.

I actually forgot to mention that. The stop loss policies contain no mandatory lasering and a disclosure statement. The employer absorbs and extra out of pocket costs, but maintains the rates of the rest of the staff.

The lasering method allows you to tailor your business medical insurance to the needs of perhaps one or two individual employees, instead of raising the premium rates for the whole team. The stop loss policies contain no mandatory lasering and a disclosure statement Using a wide range of deductibles and contract periods, we structure custom plans to help satisfy specialized needs and help mitigate claim risks.

This practice is known as “lasering,” and affected.

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