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Trustmark/Starmark
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P: 800-231-1559
F: 800-231-4158

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Self-Funded and Stop-Loss Plans

Since self-funded plans are not impacted by all of the ACA provisions, small businesses that have not traditionally offered self-funded plans are now considering this approach.

ACA provisions that DO NOT impact self-funded plans can = Cost Savings

 
Self-funded plans are not subject to the ACA rules regarding:
  • Providing Essential Health Benefits
  • Modified Community Rating
  • The Health Insurance Industry Fee
Employers with self-funded plans and stop-loss insurance can gain a number of benefits:
  • Flexibility to tailor benefits to meet employee's needs
  • Plan costs may be less than a fully insured plan
  • Employers have more control over health care expenditures
  • If health care costs are low in a particular plan year, the employer—not the insurer—may keep the savings
  • Employers pay for the cost of their employees' care; a set amount each month
  • Stop-loss insurance protects against higher, unexpected costs

Self-funded plans are administered by Starmark and stop-loss insurance is provided by Trustmark Life Insurance Company.

 
NEWS FOR TRUSTMARK

 
DEADLINES FOR TRUSTMARK
EffectiveCarrierNew Business DeadlineRenewal Deadline  Note(s)
10/01/2017Trustmark/Starmark (Group)09/20/201709/10/2017  
11/01/2017Trustmark/Starmark (Group)10/20/201710/10/2017  
12/01/2017Trustmark/Starmark (Group)11/20/201711/10/2017  
01/01/2018Trustmark/Starmark (Group)12/10/201712/10/2017  
02/01/2018Trustmark/Starmark (Group)01/10/201801/10/2018  
03/01/2018Trustmark/Starmark (Group)02/10/201802/10/2018  
04/01/2018Trustmark/Starmark (Group)03/10/201803/10/2018  

 


CBIZ M.T.Donahoe & Associates, LLC 9755 Patuxent Woods Drive, Suite 250, Columbia, MD 21046 | 800-231-1559 | www.MTDA.com

MTDA Employee Page

 
Reminder
Complete your CareFirst group market re-contracting before the December 31, 2017 deadline!
We suggest completing this task as soon as possible prior to the holidays.
Click here for information on CareFirst's re-contracting of broker for group markets.