Aetna offers stop-loss disability plan to self-insured employers. (Life/Health: Marketplace).Aetna Group Insurance, a division of Hartford, Conn.-based Aetna, has become the first carrier to offer a stop-loss stop-loss, n a general term referring to that category of coverage that provides insurance protection (reinsurance) to an employer for a self-funded plan. disability program to California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). companies using self-insured self-insured Self fund Health insurance adjective Referring to the practice of carrying an individual health insurance policy for oneself; self insurance is usually more expensive than group insurance disability benefit plans. The Aggregate Disability Stop-Loss Plan protects self-insured employers by paying claims that exceed a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: ceiling. California's state-mandated disability program is causing many companies to set up self-insured alternatives as both the salary cap and employee contribution rate have increased in the last three years. Employees contribute twice as much now as they did three years ago, and their contributions will increase again in 2003, Aetna said in a press release. Companies opting out of the state's disability program may face risks due to a lack of claim-experience information, said Stephen Miller
Stephen Miller (January 17, 1816 – August 18, 1881) was an American Republican politician. , Aetna's regional marketing manager. "Our new self-insured plan combined with the stop-loss plan solves that problem," he said. The plan is offered to companies with at least 500 employees. |
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