Self-funding is a cost-effective and proven model for delivering employee benefits for many companies. Employer stop-loss coverage protects plan sponsors against catastrophic claims or unexpected losses.
Product Description
- Offered to employer groups, both for-profit and not-for-profit businesses with 100 to 1,000 employees, that self-fund (ERISA-exempt plans) their group medical and/or dental plan.
- Specific and aggregate coverage available.
- Comparatively few excluded industries.
- State benefit mandates do not apply to self-funded plans. Coverage is customized.
- Our “best in market” approach allows us to work with a variety of PPO/provider networks and TPAs.
- Commissions are negotiable. Producers may be paid on a “consultative fee” basis by the employer and still place the business with Markel.
Acceptable Risks
Employer groups with 100 to 1000 employees, such as:
- Consulting firms
- Financial institutions
- Hospitals
- Hospitality industries
- Law firms
- Manufacturing companies
- Municipalities/school districts
- Nursing homes
- Retail organizations
- Service organizations
- Technology firms
- Wholesalers and distributors
- Cases with dependent ratios less than 25%
* If you have a risk that is not listed, please contact Paul Broughton at pbroughton@markelcorp.com
Excluded Industries
- Multiple Employer Welfare Arrangements (MEWAs)
- Professional Employers Organizations (PEOs) and employee leasing companies
- Associations
- Long-haul trucking companies
- Underground mining companies
Program Specifics
- Per person (Specific) excess maximum limit: $5 million
- Per person (Specific) minimum deductible: $15,000
- Group (Aggregate) minimum attachment point: 120% of expected claims
Approved States
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Alabama Arizona Arkansas Connecticut DC Deleware Georgia Idaho Illinois Indiana Kansas Maine Maryland Massachusetts Michigan |
Mississippi Missouri New Hampshire New Jersey New York North Carolina Ohio Pennsylvania Rhode Island South Carolina Texas Virginia West Virginia Wisconsin |
Contact
Paul Broughton, Associate Vice President
800-431-1270, ext. 7618
804-527-7618
pbroughton@markelcorp.com