Saturday, January 14, 2023
Lasers Definitions | What does lasers mean? | Best 2 Definitions of Lasers.Laser Definition & Meaning - Merriam-Webster
What does lasers mean -
When it comes to group health insurance plans, many companies know first hand that a self-funded approach can be an effective funding mechanism—provided they protect themselves from its inherent risks.
If you happen to be one of those companies, you likely realize that self-funding can leave you more vulnerable to high-cost, catastrophic claims. The unpleasant—and potentially devastating—reality, one that some brokers may fail to bring up, is that the relative stability you seem to have achieved with your self-funded plan can be obliterated.
The following will help you understand the risks of a laser—and hopefully get you thinking about how to better protect your company. So even though you may have purchased stop-loss coverage to protect your medical plan from excessively high claims, stop-loss underwriters have the right to laser a claimant, specifically one with a serious, ongoing—and expensive to treat—medical condition. And that means the laser puts the cost back on you as the employer.
To be clear, lasering is nothing new. Fortunately, you have options when it comes to your laser exposure. You can stay the course with a traditional right to laser contract , purchase a no new laser contract , or choose the no new laser with rate cap contract option. Which route is best for you? Is a laser always a bad thing? Not necessarily. In some situations, depending on where the carrier would like to set the laser, taking on additional laser liability i.
While you can never eliminate your risk completely, you can definitely take steps to mitigate the threat of this often overlooked and increasingly common stop-loss phenomenon. This information was featured in a BizInsights article, published on September 27th, Back to Insight Center. Share Article. Related Content. Compliance Alert Podcast. Read More. Compliance Alert Recorded Webinar. Recorded Webinar.
How to QuickBooks Point of Sale Download , ,
Looking for: Quickbooks desktop point of sale 18.0 user guide Click here to DOWNLOAD Quickbooks Quickbooks desktop point of sal...

-
Looking for: Best mountains to live in north carolina - best mountains to live in north carolina Click here to ENTER 32 BEST No...
-
Looking for: Places in asheville nc that allow dogs - places in asheville nc that allow dogs Click here to ENTER Places in ashevil...
-
Looking for: Missouri compromise of 1820 Click here to ENTER - Missouri compromise of 1820 The main issue of the Missouri Comp...
No comments:
Post a Comment