HCC Life Insurance Company, 225 Townpark Drive in Kennesaw, announced the launch of a new employer benefits decision tool as part of the company’s continuing efforts to assist employers in making informed decisions regarding their self-funded group plans. The new employer benefits decision tool, which will be available to select producers and private exchanges, is designed to benchmark an employer’s stop-loss profile against other companies in the same group size, industry and state. The benchmarking will compare stop-loss policy terms and provisions, risk profiles and underlying benefit plan designs.
“With the ever changing environment surrounding health care, we believe it is critical to provide detailed analytics as a resource to our producers as they prepare their clients’ benefit plans,” said Craig J. Kelbel, president/CEO of HCC Life.
HCC Life is a leading provider of medical stop-loss insurance through brokers, consultants and third party administrators. The company’s extensive product portfolio also includes group term life and short-term medical insurance. HCC Life has financial strength ratings of “AA (Very Strong)” from Standard & Poor’s Corporation, “A+ (Superior)” from A.M. Best Company Inc., “AA (Very Strong)” from Fitch Ratings and “A1 (Good Security)” from Moody’s Investors Service Inc.
The company is backed by the financial strength of its parent company, Houston, Texas-based HCC Insurance Holdings Inc., a leading specialty insurer with offices in the United States, the United Kingdom, Spain and Ireland.