To help employers navigate a dynamic and complex health care landscape
BELLEVUE, Wash. — (Jan. 29, 2019) — Symetra® Life Insurance Company, a medical stop loss pioneer and leading carrier for more than 40 years, has introduced a new addition to its stop loss coverage — Symetra Compliance Solutions, provided by Enquiron®. Designed to help employers that self-fund their employee medical plans navigate a dynamic and complex health care landscape, Symetra Compliance Solutions offers any Symetra stop loss policyholder access to a range of complimentary online services, from regulatory updates to on-demand training and tools.
“Today’s benefits landscape is a challenge for employer groups that self fund their health care — rising costs, regulatory changes, and all the questions that come with them. Our vision is to help self-funded employers better understand and control their health care costs, and we saw an opportunity to add genuine value through Symetra Compliance Solutions,” said Jeremy Freestone, senior vice president, stop loss. “Teaming up with Enquiron allows us to offer employers additional solutions at a time when they need them most.”
Stop loss policyholders may access Symetra Compliance Solutions directly or by logging into GO, Symetra’s convenient, secure online administration tool. Once logged in, clients can:
- Connect with ERISA attorneys for advice and answers to specific regulatory and compliance questions related to their health plans.
- Access educational webinars, resources and tools.
- Complete a compliance assessment to identify areas of risk followed by a discussion facilitated by an ERISA attorney.
- Use a compliance risk tool and annual calendar to document required tasks.
Medical stop loss insurance protects companies that self-fund their health insurance plans against large or catastrophic claims. Employers with Specific stop loss insurance are reimbursed for individual employees’ medical costs above a certain pre-determined dollar amount. Aggregate stop loss insurance protects against unexpectedly large amounts of total medical claims.