LifeWise Assurance Company provides self-funding organizations the secure coverage they require. As a member of the Premera family of companies, we consolidate multiple medical stop-loss options to deliver coverage that meets the specific needs of employers.
When LifeWise Assurance Stop Loss insurance is purchased with a Premera company as the claim administrator, the medical plan document and the stop-loss contract align to provide truly gapless coverage. Network savings, claim and medical management services, and funding tools (typically contracted through different carriers) are consolidated, simplifying administration.
If Premera is not the claim administrator, LifeWise will make every attempt to provide gapless coverage, as permitted by state insurance regulators. Upon request, LifeWise Assurance will review plan documents for exclusions or limitations that cannot be accommodated under the stop-loss contract. Most packages include both specific stop-loss coverage for individual catastrophic claims and aggregate coverage that kicks in when cumulative claims exceed a predetermined limit.
Benefits that may be included in LifeWise Assurance Stop Loss:
Optional benefits include:
More and more employers are taking advantage of the savings and control that come with funding their own health coverage. Reliable, flexible medical stop-loss coverage is making this option increasingly viable.
Some of the advantages of self-funding include: