The introduction of the Affordable Care Act (ACA) brought with it an increased interest in self-funding and therefore stop-loss insurance. As brokers and consultants spend more time on stop-loss placements, interest in stop-loss coalition development has also grown among agencies of varying sizes. Whether you call it a preferred partnership, stop-loss panel or block consolidation, these arrangements consolidate carrier/MGU relationships and when executed efficiently, can bring a variety of benefits:
Consolidating your stop-loss business with a few providers can make life easier and more rewarding. It can also provide benefit professionals with more leverage with their stop-loss partners. Working with Beacon Risk Strategies allows you to gain from their experience and expertise in setting up coalition partnerships and enables you to bring something unique to the table when discussing stop-loss with your clients.
When choosing a block consolidation partner, we are an ideal organization to consider.