Procurement
Stop-Loss Carrier Selection Guide
Not all stop-loss carriers are equal. Price matters, but so do claims service, financial strength, laser policies, and contract terms. Here's how to evaluate carriers and run a competitive RFP.
What to evaluate in a stop-loss carrier
AM Best financial strength rating (A- or better recommended)
Claims payment speed and accuracy — ask for references from employers with large claims
Laser policy — how aggressively do they laser at renewal?
Contract terms — run-in vs. run-out, advance funding availability
Accommodation history — willingness to cover borderline claims
Renewal rate history — how much do rates increase at renewal?
Minimum premium requirements
Reporting and data access