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Can self-insured employers protect themselves again large claim dollars?

April 26, 2017claim Dollars employers large protect self-insured

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Can self-insured employers protect themselves again large claim dollars?

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Yes. Employers can purchase Stop Loss insurance through a Third Party Administrator or a broker. Coverage can be purchased capping the amount paid for any one covered individual at a Specific amount, and Aggregate coverage capping the maximum claims dollars the employer will pay for a Plan year.