BrokerSIS is not only for brokers trying to convert fully insured clients to self insured. There are many reasons why brokers who currently manage self funded business should give us a call.
For the first time in a long while, more companies are switching to self insurance. However, in talking with other consultants and brokers, we have found that there is one area which causes more anxiety among brokers with a self insured medical plan, STOP LOSS.
Stop loss is really tricky. If you have placed it before, you know it can even be scary! There are so many issues that are out of your control, making the process very uncomfortable.
At BrokerSIS, we monitor the market place of stop loss providers and find you the broadest coverage at the best price. We provide the experience and expertise to help you in the selection of the type of coverage, the marketing and the placement of your client’s stop loss. We put 30 years of carrier and MGU relationships to work for you.
Why You Should Work With BrokerSIS
Avoid the pitfalls when moving stop loss coverage: Making sure you are recommending the “right” contract for your client can be scary. Do you need an 18/12, 15/12, 12/15, an aggregating specific?
Place unusual stop loss structures: What if you have a pool of companies, who will write your block of business, what about your client who wants a super low deductible?
Provide 30 years of knowledge, experience and expertise to your clients: Utilize our team’s experience in working with employer stop loss and managed care stop loss as your back office
Aside from the technical reasons, partnering with BrokerSIS provides brokers like you with:
Experience: Sounds simple enough. But does experience really matter? Isn’t the world of self funding pretty black and white? It actually is not. And it is within those many moments of gray area in which our value is defined. It is easy to make missteps which can end up putting you, the client, or their employee into a very uncomfortable financial situation.
Market Awareness: We have been in the self funded market place for 30 years. We know the players and have strong relationships. Those relationships are critical; especially in moments such as final disclosure where our ability to leverage our relationships with stop loss carriers is what can make or break pricing.
Financial Analysis: Before anything else, we are data nerds. We have been deeply involved in so many plans over the years that we know how to drill through the numbers correctly to get you data with meaning. This is make or break when it comes to things like utilization analysis, wellness, communication, and disease management. It is also a critical consideration when developing the plan design itself.
Passion: We LOVE self funding. Love it. That makes us effective and committed stewards of your clients pocketbook.
Strategic Partnerships: Similar to market awareness, our strategic partnerships with PBM Consultants, Imaging Center Consultants, and Wellness/Disease Management Consultants allow us to be confident that we are wringing efficiency out of every single dollar your client spends on health care costs.