Sun Life Financial, a provider of a range of protection and wealth accumulation products and services, said that its Employee Benefits Group division will provide unlimited lifetime maximums for stop-loss policies effective on and after October 1, 2010.
According to Sun Life, the new feature was developed to help employers meet mandates in Patient Protection and Affordable Care Act. The employers will now receive stop-loss protection for qualified benefits, and employees and their dependents can count on their benefits being there when they need them.
The company said that they have an efficient ongoing communication program to provide complete, accurate, and timely information on the new legislation and how it will impact employee benefits industry. As part of that program, it also publishes online newsletter.
Scott Beliveau, VP of underwriting and claims for Employee Benefits Group at Sun Life, said: “Brokers and customers are right to turn to us for insight and solutions that make sense in regard to the Affordable Care Act.
As a leader in the stop-loss industry, providing unlimited lifetime maximums is an example of how we continue to deliver on our stop-loss value proposition, expert solutions that help employers keep their costs down.”