Medical Stop-Loss
Medical stop-loss coverage is a product that provides protection for a health plan against catastrophic or unpredictable losses.
The Palmetto Healthcare Stop-Loss Program (PHSLP) is a unique medical stop-loss offering that was established in 2011 with a retrospective funding model where clients pay actual costs – eliminating much of the profit and removing the surplus and margins found in commercial stop-loss. Risk is spread across a pool of participating clients, lessening the effects of this volatile line of coverage. Clients have recognized significant savings compared to the commercial stop-loss market, and members who have self-insured this risk in the past, appreciate the smoothing of risk created by a larger program.
Medical stop-loss claims administration, underwriting and risk management services are provided to clients of the Medical Stop-Loss Program under a contract with Antum Risk and through business alliances with other best-practices companies.
“The County saved more than 50% on the cost of our stop-loss coverage in 2022 alone thanks to joining PHSLP. We like the program’s retroactive funding structure and having the volatile risk spread across a pool of participating organizations. As members, we also appreciate the transparency related to its operations and cost.”
- RITA DAVIS, FINANCE MANAGER, ANDERSON COUNTY
Clients have recognized significant savings compared to the commercial stop-loss market, and clients who have self-insured this risk in the past, appreciate the smoothing of risk created by a larger program.
Who Can Join?
Self-insured employers in any industry and most states
Learn More
Fill out this form to learn more about medical stop-loss coverage.