Trustmark Group Insurance offers a wide range of flexible funding options
designed to accommodate each groupís specific needs or budget.
For groups with 51 or more covered employees, the following
alternative funding arrangements are available, subject to
underwriting guidelines and product availability in each state.
Minimum Premium Plan
Minimum Premium combines the security of conventionally funded health
insurance with many of the advantages associated with self-funding. The
plan allows financially qualified clients to fund their own claims,
significantly reduce premium taxes, and enjoy the security of a plan
fully backed by Trustmark Group.
Stop Loss InsuranceóSpecific and Aggregate
Trustmark Group's stop loss insurance products limit the risks of
self-funding. Specific Stop Loss limits the financial risk of medical
costs paid on behalf of any one individual, excluding prescription drug
card benefits. In conjunction with Specific Stop Loss, Aggregate Stop
Loss offers protection against higher than expected claims from the
group as a whole.
Experience Rating Agreement
A fully insured contract is in place, but Trustmark Group agrees to return
unused premium to the group. Unused premium is collected premium that
exceeds the sum of claims paid, needed reserves, expenses, taxes and
other government obligations. Trustmark Group's Experience Rating agreement
also may be available on a Retrospective Premium basis.
Minimum Premium Plan
Trustmark Group Insurance Minimum Premium Plan for large sized employers combines the
security of conventionally funded health insurance with many of the
advantages associated with self funding. Trustmark Group offers a number of
flexible plans options for large employers which can be used to further
limit and refine customer liability, including individual pooling
levels, aggregate claim pooling, terminal benefit limit, premium
guarantee and terminal reserve funds guarantee option, deficit recovery
limit protection, deferred deficit recovery, surplus position carryover
and banking arrangement.