In the continuing wake of PPACA, Spectrum recognizes that small employers now more than ever need viable financing options for their employee medical benefit plans.  With that in mind, Spectrum offers traditional Specific & Aggregate Stop Loss Insurance and Integrated Stop Loss Insurance for groups as small as 15 covered employee lives.

For traditional Specific & Aggregate Stop Loss Insurance, the 15-life minimum is available in 44 states and the District of Columbia.  The applicable minimum case size by state is as follows:

  • 15 Covered Employee Lives:  Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin & Wyoming.
  • 26 Covered Employee Lives:  North Carolina
  • 51 Covered Employee Lives:  California, Florida, Minnesota, New York & Utah.

For Integrated Stop Loss Insurance, the 15-life minimum is also available in 43 states and the District of Columbia.  The applicable minimum case size by state is as follows:

  • 15 Covered Employee Lives:  Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, District of Columbia, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, Wisconsin & Wyoming.
  • 25 Covered Employee Lives:  Delaware
  • 26 Covered Employee Lives:  North Carolina
  • 51 Covered Employee Lives:  California, Florida, Minnesota & Utah
  • Not Available:  New York

As always, please contact us with any questions or comments by calling 800-804-7732 or email us by clicking here.