We're experts at balancing costs and risk for employers who choose to self-fund their employee benefit offering.Work with us
More than 30 years of experience delivering customized stop-loss insurance at the most competitive rates, along with outstanding service.Work with us
Chuck Osborne, Founder
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.
ERS' impeccable record and breadth of experience allows us push beyond the norms to place even the most difficult of risk situations.
Advantages of financially sound carriers, competitive premiums and commissions, as well as fast-turnaround when you need it.
Top managed care network/facilities, Provider Telemed services, online benefit management/ member services, extensive claims data and analysis.
Here's a few reasons why employers to opting to become their own health insurers.
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.
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.