WELLESLEY, Mass., July 16, 2018 /PRNewswire/ -- In Sun Life Financial's 2018 High-Cost Claims Report, cancer remains
"We're seeing continued significant growth in the number of million-dollar-plus claims as the result of new life-saving treatment options coming to market, as well as existing treatments getting approved for expanded use," said Dan Fishbein, M.D., president of Sun Life Financial U.S. "This means better care and outcomes for patients, and is also an important consideration for employers who self-fund their medical plans. We partner with our clients to protect them from the financial risks of these high-dollar claims, but also to work with them to identify opportunities for cost savings that may improve patient care as well."
Other analysis from the report showed that:
Employers who self-insure their health plans use stop-loss coverage to protect themselves from excessive financial losses from high-dollar claims. Sun Life, the largest independent stop-loss provider in the country, analyzes its vast database of client medical stop-loss claims each year to assess industry and health care trends. Sun Life has over 35 years in the industry and currently covers 4.2 million lives under stop-loss policies.
About Sun Life Financial Sun Life Financial is a leading international financial services organization, providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.
As of March 31, 2018, Sun Life Financial had total assets under management of C$979 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
In the United States, Sun Life Financial is one of the largest group benefits providers, serving more than 60,000 employers in small, medium and large workplaces across the country. Sun Life's broad portfolio of products and services in the U.S. includes disability, absence management, life, dental, vision, voluntary and stop-loss insurance. For more information, please visit www.sunlife.com/us.
Devon FernaldSun Life Financial781-416-7151Devon.firstname.lastname@example.org
View original content:http://www.prnewswire.com/news-releases/million-dollar-medical-claims-increase-87-percent-from-2014-2017-sun-life-report-300681274.html
SOURCE Sun Life Financial
Subscribe to our Free Newsletters!
Graviola''s health benefits range from curing headaches to fighting cancer. Read on to know more ...
Gene therapy is a specialized procedure where genetic material is introduced into the cells of a ...
The orange-like citrus fruit, Kumquat, is a complete health booster if included regularly in your ...View All