When Stop Loss Married Bundles and Gave Birth to Savings

Insurance \in-ˈshu̇r-ən(t)s : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril Stop Loss Insurance : an insurance product that protects against unpredictable, unexpected and catastrophic losses; also called excess insurance or reinsurance. Not to be confused with ordinary healthcare insurance. ______________________________________________________   The[…]

Got a job? Got health insurance? You still aren’t safe from financial hardship due to illness

Too often, employers assume that employees with health insurance are protected against the financial ravages of illness. Add to that a decent salary and owning a home, and most will conclude that such an employee is well-positioned to handle unexpected illness. These notions are incorrect, as we’ve learned from Margo Sanger-Katz’s engaging article in the[…]