Lower Minimum For Employer Health Stop-loss Insurance

Under current law, employers with 50 or fewer employees who self-insure can purchase stop-loss insurance to cover the cost of employee health benefits exceeding $20,000 per employee per year. However, insurers are prohibited from issuing stop-loss policies with an attachment point below $20,000. The bill lowers this minimum to $10,000 per employee per year. The bill also makes a corresponding change in the minimum retention amount for larger employers, from $15,000 to $10,000.(Note: This summary applies to this bill as introduced.)