Spectrum, a division of Companion Life Insurance Company, is a full-service Managing General Underwriter of specific, aggregate and level-funded integrated stop loss insurance. Founded in 1990 and acquired by Companion Life Insurance Company in 2016, Spectrum is a leading provider of a comprehensive line of stop loss products and services for employers as small as 15 employees.
Spectrum's products are available through a nationwide network of select Third Party Administrators, Brokers and Benefits Advisors. Spectrum proudly represents Companion Life Insurance Company, Companion Life Insurance Company of California, and Niagara Life & Health Insurance Company, all rated "A+ (Superior)" by A.M. Best.
Spectrum's products are available through a nationwide network of select Third Party Administrators, Brokers and Benefits Advisors. Spectrum proudly represents Companion Life Insurance Company, Companion Life Insurance Company of California, and Niagara Life & Health Insurance Company, all rated "A+ (Superior)" by A.M. Best.
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Self-funding is an effective financial tool employers use to manage employee benefit plan costs. It allows flexibility in plan design and lower overall expenses, as well as tax and legal advantages typically not found in fully-insured employee benefit plans. Employers purchase Medical Stop Loss Insurance for financial protection against individual catastrophic claims and/or a high frequency of smaller claims.
This FAQ was developed to assist you in evaluating Spectrum as a resource for medical stop loss insurance for your self-funded employer clients. This content was culled from TPA, broker and employer questions, and from issues we feel are important for you to know about every stop loss facility.
Determining issues that are important to you and evaluating your stop loss markets by their stance on those issues will best position you for growth and success.We encourage you to share this document with your self-funded employer clients. Spectrum continues to operate independently as a Managing General Underwriter.
Determining issues that are important to you and evaluating your stop loss markets by their stance on those issues will best position you for growth and success.We encourage you to share this document with your self-funded employer clients. Spectrum continues to operate independently as a Managing General Underwriter.
Today, on a beautiful sunny morning in Indianapolis, Spectrum implemented phase one of its return-to-office plan. Well over a year ago, a significant portion of our headquarters staff converted to temporary full-time work-from-home status. A few of us (dubbed the skeleton crew by our Office Manager), remained as full-time onsite staff to keep the technological and mechanical wheels turning.
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