maryland

In Maryland it is not just group health insurance premiums that are rising. A new regulation took effect on June 1st for Maryland small businesses that increase’s their stop-loss on self-funded employer sponsored insurance plans. Small businesses under 50 employees do not have to provide health insurance for their employees, but many still do. A self-funded plan allows a company to offer their employees benefits without having the larger expense of a traditional group insurance plan. Although, the new regulation raises the amount an employer must pay towards an individual’s health claim from $10,000 to $22,500 before the stop-loss insurance kicks in. With this regulation […]