|
Excess Loss
Excess loss insurance protects self-funded groups against extreme risk. Groups
may choose the amount of risk to retain and the amount to cover by excess loss
insurance. Excess loss insurance for self-funded health plans has two different
parts:
-
Specific Excess Loss Coverage
Specific coverage limits the group's cost for eligible medical expenses for
each covered individual.
-
Aggregate Excess Loss Coverage
Aggregate coverage limits the group's overall annual costs for a self-funded
plan.
BlueAdvantage Administrators of Arkansas can arrange services for groups
interested in pursuing excess loss coverage. Through our established
relationships with several top-rated excess loss carriers, we can provide
competitive excess loss quotes as part of our overall package of services.
BlueAdvantage's dedicated Excess Loss Unit coordinates notification, filing and
reimbursement activities when contract provisions are met for our clients who
use our preferred excess loss carriers.
Preferred Excess Loss Carriers
Excess
Loss Reporting
|