Archive for February 26th, 2011

How An MGU is Established & Operated

Saturday, February 26th, 2011

Many self-funded medical plans purchase stop loss cover through MGU’s rather than directly from the carrier assuming the risk. This read (novia_underwriters[1]) is a good example of how an MGU was established and their business plan. Novia Underwriters became a profitable underwriter. From inception, their goal was to build up a profitable block and sell it in five years.

Transplant Carve-Out Plans

Saturday, February 26th, 2011

According to the United Network of Organ Sharing (UNOS), there are currently 108,299 people waiting for a transplant in the U.S. A new person will be added to the list every 18 minutes of every day. The average cost of a transplant and related expenses today exceeds $400,000. Some go as high as $1 million*. If you are an employer that self-funds your company‚Äôs health plan, these numbers should peak your interest. (more…)