Raymond DePaola brings more than 25 years of experience to the position of Director of Underwriting for Corporate Synergies. He delivers expert reviews and analyses of carrier rate renewal actions, participates in rate negotiations, projects pre-renewal estimates and self-funded plan costs, and provides underwriting guidance to clients.
When considering the insurance model, employers should do their due diligence and have documentation supporting the decision they’ve reached.
When a company with a self-funded plan selects a stop-loss carrier and individual stop-loss coverage, they have the option to include drug expenses in determining high claimant costs.
Healthier businesses will receive higher-than-expected rate increases because they are now being pooled with the less healthy plans that may include employees who smoke and engage in other unhealthy behaviors.