Empire Life and Symbility Health partner to offer stop loss insurance - Symbility health introduced march 21 that it has signed an agreement for empire lifestyles to provide forestall loss insurance to symbility’s 1/3 birthday celebration administrator partners beginning april 1.
Forestall loss insurance is bought by employers who self-fund their worker gain health plans and do no longer need to count on a hundred% of the legal responsibility for plan's claims.
Escalating drug costs
"with their complete stop-loss safety answer, empire lifestyles will assist ensure the long-time period viability and sustainability of our clients' advantage plans by way of balancing worker desires with plans' financial protection,” stated shannon mcshane-reed, president, symbility fitness in an statement. “that is in particular essential in ultra-modern truth of escalating drug expenses."
"we're excited to work with symbility," said steve pong, senior vice-president, group solutions, empire life. "they're an progressive, global-elegance canadian software program organisation, and this partnership will assist us grow our business outdoor of our normal channels. We look ahead to expanding our partnership in 2017 and beyond."