August 16, 2023 - Segal

Medical Stop-Loss Premiums Increase by More Than 8%

The average stop-loss coverage premium increase is 8.4 percent for the nearly 250 health plans in Segal’s national medical stop-loss database’s 2023 dataset.

The average includes groups that increased specific stop-loss deductible levels and/or aggregating specific stop-loss deductibles resulting in an overall reduced rate action. The average premium increase for groups that maintained similar specific stop-loss benefit levels as the prior year is 13.4 percent.

To learn more about stop-loss insurance, download our infographic.

You’ll learn:

• The percentage of plans that purchased broad coverage for medical and prescription drug claims
• The range of specific deductibles and which deductible is most common
• The relationship between deductibles and premiums
• Factors that affect a plan’s premium and premium increases
• The percentage of plans that stayed with the incumbent insurer when they bid or renewed their stop-loss coverage