Please see deadline extensions to June 30, 2020 and information regarding recent DOL/IRS rules in bold below. During the COVID-19 crisis, Spectrum is committed to keeping policyholders and plan participants secure with flexible coverage and service options. Please note the following for all policyholders insured through Spectrum with Companion Life Insurance Company, Companion Life Insurance…
Spectrum Underwriting Managers, Inc. is pleased to announce that Laurie Mollé has joined the company as Vice President of Claims. Laurie’s hiring follows Darrin Napier’s move to Companion Life Insurance Company to serve as Claims Management Director of Accident & Health. Laurie comes to Spectrum with 15 years of self-funded industry experience, having served in…
News Release Columbia, SC – Companion Life Insurance Company and its affiliates, Spectrum Underwriting Managers, Inc. (Spectrum) and Montgomery Management Corporation (MMC) are excited to announce that, effective immediately, Spectrum and MMC will combine all business operations. The combined organizations will operate and market under the Spectrum brand, under the leadership of Kurt Ridder, President. Jon…
Integrated Stop Loss Insurance is the ultimate bridge product for employers seeking a simple way to move from a fully-insured group health plan to a true self-funded group health plan. Like traditional specific & aggregate stop loss insurance, Integrated Stop Loss is catastrophic coverage for self-funded group health plans. Employers enjoy all the benefits of…
Beginning with January-2013 effective dates, Spectrum will require completion of Plan Participant Disclosure Statements on new-business sold cases where individual participant claims experience is unavailable. This additional disclosure information is required only when individual participant claims experience is unavailable (e.g., small fully-insured employers) and is intended to supplement the Plan Sponsor Disclosure Statement that is also required on all newly-sold…