Plans that pay on a claim-by-claim basis.
Many companies prefer to treat their medical plan as an investment rather than an expense. And because BenefitMall has many established relationships with major carriers in the self funded market, our service staff can find a plan that tailors your clients' stop loss coverage to their specific needs: paying only for the claims employees use. Additionally our Self Funded Broker partners will benefit from the myriad of BenefitMall stop loss service offerings.
- Compare competitive stop loss rates of quality direct carriers
- Provide a detailed spreadsheet of carrier products and consultative services
- Provide billing and premium collection, reconciliation, and remittance
- Collect the premium from the administrator and submit to the appropriate carrier
- Help clients understand the billing process
- Ensure the proper licensing requirements are met
- Pay commissions within 48 hours of receiving the premium payment
- Collect and track all necessary claims data
- Understand carriers’ claims data requirements and formats
- Track ongoing claims
- Conduct compliance reviews of plan documents and stop loss policies
- Answer questions pertaining to ERISA, COBRA, HIPAA and other federal laws which affect partially self-funded health plans
BenefitMall understands the challenge brokers and third party administrators face when trying to keep up with changing corporate strategies of insurance carriers. That’s why we offer a customer service staff dedicated to resolving all of your clients’ self funded needs. We are experts in the alternate-funded marketplace and stay up-to-date on carrier products and legislation through training and industry participation. Benefit from our experience as the leader in stop loss and reinsurance markets.