OptumHealth to Offer Unlimited Lifetime Benefit on Stop Loss InsuranceGOLDEN VALLEY, Minn. —
OptumHealth today announced that it will offer an unlimited lifetime benefit for specific coverage as a standard provision of its excess loss insurance policy.
New and renewal excess loss policies with effective dates of October 1, 2010, and later will include this enhanced benefit. It is designed to assist employer self-funded health plans as they implement the requirements of the Patient Protection and Affordable Care Act, which prohibits lifetime dollar limits on essential health benefits. OptumHealth’s excess loss policy provides self-funded employers with protection from catastrophic risk incurred by individual plan participants or resulting from excess utilization from all plan participants.
“OptumHealth’s stop loss coverage is recognized as one of the most comprehensive in the industry,” said Diane Wells, vice president for the Stop Loss business of OptumHealth Specialty Benefits. “We are committed to supporting health plan sponsors with an excess loss policy that is consistent with the coverage provided in their self-funded plans, and to supporting their implementation of new plan designs that enhance benefits for their members.”
OptumHealth helps individuals navigate the health care system, finance their health care needs and achieve their health and well-being goals. The company’s personalized health advocacy and engagement programs tap a unique combination of capabilities that encompass care solutions, behavioral solutions, specialty benefits and financial services. Serving nearly 60 million people, OptumHealth is one of the nation’s largest health and wellness businesses and is a UnitedHealth Group (NYSE: UNH) company. More information about OptumHealth can be found at www.optumhealth.com