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Small employers striking out on their own

Tuesday, May 28, 2019

Managed Care Magazine
Jan Greene
May 28, 2019

Risk doesn’t faze companies as much as rising premiums, and stop-loss offers some financial protection from the outliers.

Stacie Gilles, human resources director for a 120-employee manufacturing company in Evansville, Ind., has been hearing for years that the runaway train of health insurance premiums was slowing. But her company had experienced no such relief, seeing their insurance bill go up by double digits each year, in part because of a few employees with serious and expensive health problems.

Gilles was casting about for new options in early 2018 and figured that having better information about the claims and pharmaceutical usage of her employees at PIA Automation, which makes robots for factories, was the place to start. She contacted Derek Winn, a local broker who helped her with the data project. He also encouraged her to consider self-funding.

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