HM Stop Loss Policies Will Meet PPACA Requirements

In this current environment, our clients are looking for information regarding the impact of  the recent healthcare legislation, so read on to find out about the effect of  healthcare reform on HM’s Stop Loss policy. The new law does not apply to Stop Loss but may indirectly impact Stop Loss due to changes resulting from new requirements for the underlying plan’s benefit design. HM’s Stop Loss policies with effective dates on or after October 1, 2010 will offer:

• The option of no annual limits
• The option of no lifetime limits, subject to regulatory approval
• Dependent coverage to age 26
• No pre-existing condition limitations

For your clients who may want to meet the requirements sooner than mandated, we expect to be able to offer these provisions for policies written prior to October 1, 2010. HM will continue to provide guidance and support, and we will keep you informed of any changes or updates as they occur.

More News . . .

Our New Package Program Can Help to Reduce Stop Loss Premiums
When your client packages an HM Worksite Advantage product(s) with HM Specific Stop Loss, HM will offer 5% off our best available rate quoted on new or renewal Specific Stop Loss business with a 2010 policy effective date. HM Worksite products include Critical Illness, Accident, Disability Income, Term Life and Limited Benefit Medical. 

Want more details and information on how we can work together to introduce HM Worksite Advantage to your new or renewing Stop Loss clients? Just give me a call or send me an e-mail.

Contact Your Sales Rep for More Answers
Please contact your HM Insurance Group Sales Rep to discuss HM’s Stop Loss policy and changes related to health care reform, or if you are interested in the Stop Loss/Worksite Package Program.

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Coverage is underwritten by HM Life Insurance Company, Pittsburgh, PA, or Highmark Casualty Insurance Company, Pittsburgh, PA, under policy form series HL601 or HL904in all states except New York. In New York, coverage is underwritten by HM Life Insurance Company of New York, New York, NY, under policy form series HL601 or HL904. The coverage or service requested may not be available in all states and is subject to all applicable state and federal laws.