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Episode 4. Stop Loss Contract Basis 

Self-Funded
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9 сен 2024

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Комментарии : 7   
@ernie0753
@ernie0753 3 года назад
Very good explanation, really helped me understand contract basis especially the importance of the "run in" for year two
@brianmorin3259
@brianmorin3259 2 года назад
What is the most common reason someone would elect to purchase a run out contact?
@brianmorin3259
@brianmorin3259 2 года назад
@@SelfFunded very helpful! That all does make sense.
@hineighbor
@hineighbor Год назад
how much more expensive are year 2 contracts than year 1 since they have 12 additional incurred months that are covered?
@SelfFunded
@SelfFunded 9 месяцев назад
The load from 12/12 to 24/22 contracts is around 20-25%
@hurk4thewin810
@hurk4thewin810 3 года назад
Hopefully you can answer this. So I have a client 12/15 at 1/1/2020 contract for both specific and aggregate. Renewal 1/1/2021 and had a 12/15 as well. Person A went over their specific deductible 80k deductible by 20k in January 2021 on the first contract. Now would we add that 20k to our 2021 contract for the specific portion of the aggregate report? (Feels like I would be double dipping both contracts.
@hurk4thewin810
@hurk4thewin810 3 года назад
@@SelfFunded Thank you. Very helpful! It has incurred in before December 2020 and was paid in January. Now my question since it’s paid in January 2021 and was incurred December 2020 it shouldn’t go to the new 2021 contract correct? (For some reason my trainer thinks since it’s paid in January 2021 it’s within the window of the new specific contract that we must include that claim to the new contract… And calculate it as they have gone over their specific on the aggregate report.)… Which would mean we would be double dipping… The way you explain it sounds absolutely correct.
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