Episode 1. Stop Loss Insurance Explained

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  • Опубліковано 15 вер 2024
  • A basic introduction to Specific and Aggregate Stop Loss Insurance

КОМЕНТАРІ • 27

  • @biba555
    @biba555 2 роки тому +1

    I work for a TPA, this simple but direct explanation was very helpful

  • @hineighbor
    @hineighbor Рік тому +1

    Starting a new job as an account manager for mid-size groups and this was very helpful. I HOPE I DON'T BLOW IT

    • @SelfFunded
      @SelfFunded  9 місяців тому

      Good luck. You won’t blow it 😃

  • @Nate-xk2qf
    @Nate-xk2qf 3 роки тому +1

    I am going to binge on this playlist! Great content Spencer!

  • @danao2650
    @danao2650 3 роки тому +1

    Excellent & informative. Now I understand the basics!!

  • @jayboggie3820
    @jayboggie3820 3 роки тому

    Spencer this video was extremely helpful.

  • @sonatventertainment5334
    @sonatventertainment5334 2 роки тому

    it is a really wonderful chart drawn by you. we understood that. i like that.

  • @martyott671
    @martyott671 Рік тому

    Look how far you’ve come 👏👏👏👏

  • @johnyin5380
    @johnyin5380 Рік тому

    Great explanation, Thank you!

  • @chihabsoukaina5460
    @chihabsoukaina5460 4 роки тому

    Thank you ! Really hepls me understand SL Aggregate

  • @varunjoshi4473
    @varunjoshi4473 3 роки тому

    Thankyou so much...very informative 👍👍

  • @badger367
    @badger367 2 роки тому

    Great video sir. Thank you!

  • @masonmikeleri2395
    @masonmikeleri2395 2 роки тому

    Few questions here - Who pays the premium? is there a dollar amount the employer pays vs the employees, is all assumed by one party(employer)? Is the true policy holder the employee or the employer?

  • @stephenmahady8169
    @stephenmahady8169 3 роки тому

    For Specific - Does the employer pay the actual full amount under the deductible? Or is that broken up into coinsurance policies with their TPA?

  • @lkjkhfggd
    @lkjkhfggd 10 місяців тому

    Is the aggregate sum including any individuals that triggered the specific limit?
    Say I have both coverages and one person has a claim for 5M. Would both coverages activate,
    or is the aggregate sum going to exclude that individual claim when summing the losses?

    • @SelfFunded
      @SelfFunded  9 місяців тому

      Once a claim breaches the specific deductible, all dollars above that deductible are paid for under the specific portion of the policy. Only the dollars below the specific deductible (for each person) count toward the attachment point/aggregate deductible.

  • @vannakchhay3366
    @vannakchhay3366 3 роки тому +1

    Thank you for coaching, but we want you to give us examples as well. Thanks

    • @vannakchhay3366
      @vannakchhay3366 3 роки тому

      @@SelfFunded Please kindly give me the example of Stop loss's claim. Thanks

    • @vannakchhay3366
      @vannakchhay3366 3 роки тому

      @@SelfFunded all right, I really understood what you explained. Thank you so much for your good explanation. Regards

  • @walkeroconnel8889
    @walkeroconnel8889 6 місяців тому

    Can we get an agg only video and the difference it means not having a spec? Thank you :)

    • @SelfFunded
      @SelfFunded  5 місяців тому +1

      I unfortunately don’t have a ton of experience in agg-only products so I wouldn’t be the best person to do a video. I understand them only at a surface level.

    • @walkeroconnel8889
      @walkeroconnel8889 5 місяців тому

      @@SelfFunded thanks anyway! You are awesome!

  • @amanshaikh6414
    @amanshaikh6414 Рік тому

    Is threshold considered for a year or over a period of insurance?!

    • @amanshaikh6414
      @amanshaikh6414 Рік тому

      @@SelfFunded Thanks Man!! Loved your simple way of explaination, you earned a sub👍👍

  • @mahdmahdichanel3276
    @mahdmahdichanel3276 3 роки тому

    Nice

  • @jinatrahana6553
    @jinatrahana6553 2 роки тому

    Could u Please explain it by calculation