CIGNA Options Offer Enhanced Stop Loss Protection

CIGNA Stop Loss is committed to providing customers creative solutions (80k) to meet both their cash flow and risk tolerance. With CIGNA Stop Loss your customers receive the benefits of an integrated medical and stop loss offering with the experience and expertise of a direct writer.

Self-funded customers continue to pursue offerings that enable them to manage their cash flow in a fiscally responsible manner. Our Renewal Planner Option (84k) enhances our Stop Loss portfolio by ensuring a level of predictability for Individual Stop Loss (ISL) rates. For a first year fee and a renewal year pooling point increase, the Renewal Planner guarantees customers that no new lasers will be applied at renewal, nor will the premium be adjusted for a high dollar claimant at renewal. For the employer, this means that during the year if high dollar claimant situations occur, at renewal the members will not be lasered, nor will a load be applied to the premium to cover the risk. This option offers a level of comfort that should future catastrophic situations occur during the year, their upcoming renewal is insulated from the potential impact of additional premium loads or lasering of high claimant members.

Our Tiered Pooling Option (88k) enhances the Stop Loss Continuum by adding a risk sharing opportunity to our product portfolio. Tiered Pooling enables ISL customers to choose two distinct pooling points between which CIGNA and the customer share the risk. Customers are liable for claims up to the low pooling point and CIGNA is liable for claims exceeding the high pooling point for each member. For claims between the two pooling levels, liability is split on a 50/50 basis between the customer and CIGNA.

To learn more about the CIGNA Stop Loss product portfolio, please contact your CIGNA sales representative.