EXCESS RISK SOLUTIONS, INC.
LUTZ, FLORIDA

Excess Risk Solutions, Inc. in their search for competitive, yet comprehensive Stop-Loss insurance for their clients' self-funded health plans.   Chuck also works with employers directly, helping them manage claims costs and Stop-Loss renewals associated with their self-funded benefit plans. of the Year for several years in a row, in addition to doubling the block of stop-loss business in just a few short years for one major carrier.  Chuck's extensive and successful background, and the strength of his "award winning" relationships allows him to provide one of the most comprehensive, integrated approaches for his clients to protect not only the wealth created in their business, but their most valued assets - their employees.   ERS is a managing general underwriting firm specializing in the placement of stop loss insurance for independent brokers and third party administrators, as well as employers directly.   With more than 30 years of Stop-Loss Underwriting and Marketing experience, ERS provides one of the most comprehensive, integrative approaches to Self-Funded Benefit Plans and Reinsurance Placement in the industry. Top managed care network/facilities, Provider Telemed services, online benefit management/ member services, extensive claims data and analysis.   Advantages of financially sound carriers, competitive premiums and commissions, as well as fast-turnaround when you need it. Stop-loss insurance (also known as excess insurance) is an insurance product that is purchased by employers who are self-insured, or, in other words, self-fund their own employee benefit plan(s).   Self-funding simply means that the employer, instead of paying a premium to an insurance carrier, reserves a pre-determined set amount for future claims to be paid as they are incurred.  In essence, with a self-insured plan the employer becomes the insurer.  Self-funded employers always run the risk of claims that exceed collected premiums, and, in some cases, far exceed the company’s ability to pay.  Stop-loss insurance protects the employer against such catastrophic or unpredictable losses. Avoid cookie cutter plans and design the benefit plan how you want to better attract and retain talent and protect your employees.  This includes contracting with the providers, provider networks, pharmacy and care managers that are best suited to meet the health care needs of your plan and employees. Experience a significant reduction in taxes created with the implementation of the Affordable Care Act (ACA).  Also, expenses such as risk charges, insurance company reserves, and most premium taxes are avoided.  Additionally, when premiums collected are less than claims paid out, the difference can earn interest for the company.   Most often, employers, with the help of an agent or other industry expert, will negotiate with a PPO to provide services for the plan and rates will be set according to the group’s claim history.   A Third Party Administrator (TPA) will be engaged to handle claims and processing.