Renewal Risk Stabilizer

The uncertainty of rising health care costs are a major concern for employers with self-funded plans. That’s why Berkley Accident and Health offers added peace of mind at renewal time with Renewal Risk Stabilizer. This option protects clients from significant Stop Loss premium increases and new/increased “lasers” on individual plan participants.

With Renewal Risk Stabilizer, employers can more easily set financial plans and forecast budgets.

How Renewal Risk Stabilizer works

  • Specific premium rates and any Aggregating Specific deductible will not increase by more than an agreed-upon maximum (typically 55%) at the next policy renewal; and
  • New individual deductibles (“lasers”) will not be added or increased at the next policy renewal.
  • This option is available for an additional premium.
  • Renewal Risk Stabilizer only applies if Stop Loss coverage and levels remain the same at renewal. It does not change or remove any existing lasers.

For more information about this option, contact your Berkley Accident and Health representative.

Available to groups with at least $250,000 in gross Specific premium and a $50,000 or higher Specific deductible. Prior underwriting approval is required. Ask your Berkley Accident and Health representative for more information.

Stop Loss is underwritten by Berkley Life and Health Insurance Company, a member company of W. R. Berkley Corporation. Coverage and availability may vary by state.

Insurance coverage is underwritten by Berkley Life and Health Insurance Company and/or StarNet Insurance Company, both member companies of W. R. Berkley Corporation and both rated A+ (Superior) by A.M. Best. Not all products and services may be available in all jurisdictions, and the coverage provided is subject to the actual terms and conditions of the policies issued. Payment of claims under any insurance policy issued will only be made in full compliance with all United States economic or trade and sanction laws or regulation, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”).

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