Reliance Standard Life Insurance Company, a group insurance carrier specializing in employee benefits solutions for companies of all sizes, has launched a new line of employer stop-loss coverage, RSL Risk Solutions.
RSL Risk Solutions is a flexible program of stop-loss insurance designed to help employers maximize their control over health care spending.
RSL Risk Solutions offers both specific risk (individual) and aggregate risk (total) stop-loss coverage for groups as small as 50 lives.
A self-insured employer aligns with a third party administrator (TPA) who will manage provider networks and pay claims on behalf of the company, which allows the employer to offer one standardized health plan regardless of work site locations; and to collect, analyze and use claim data to make strategic benefits decisions.
Reliance Standard president and CEO Lawrence Daurelle said stop-loss coverage offers these groups a safety net so they can participate in the advantages of self-insuring while limiting their financial exposure from claims experience.
Reliance Standard, a wholly-owned subsidiary of Delphi Financial Group, offers coverage options for group life, disability income, accident, dental, eye care and limited benefit medical programs.