In the ever-evolving landscape of healthcare insurance, understanding self-insurance and stop-loss coverage becomes a necessity for both employers and employees. Self-insurance refers to a model where employers assume the financial risk of paying claims directly, without the involvement of an intermediary insurance company. This approach provides greater flexibility in benefit offerings but also exposes companies to potential high-cost claims. Stop-loss coverage acts as a safety net for employers, protecting them from catastrophic financial events due to large medical claims. Specialty medications, emerging medical treatments, and insurance confusion are some of the key factors shaping the world of self-insurance. Key Takeaways:
from
https://insuranceintellect.com/what-is-self-insurance/
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