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April 25, 2023

Rising health care expenses and unexpected high-cost claims can be devastating to a business’s bottom line. Pandemics (such as COVID-19), high-cost specialty drugs, gene therapies and more are increasing the frequency and severity of large claims—those exceeding $1 million—and highlighting the need for reliable stop-loss insurance.

Most self-insured employers appreciate the importance of investing in stop-loss coverage to help manage their risk. But not all stop-loss insurers are the same. To help your groups understand some of the differentiators, Commencement Bay Risk Management Insurance Company (CBRM) has created this flyer you can share with your groups. CBRM, our preferred stop-loss partner, is well-capitalized and skilled at managing volatility—and, ultimately, groups’ cash flow. Their “A” rating from A.M. Best is a testament to their financial strength and means they’ll be there when your clients need them most.

Beyond their financial strength, insuring with CBRM offers your groups:

• Access to deep provider discounts through the BlueCard® network
• Seamless and instantaneous reimbursement
• Guaranteed renewal
• Complete plan mirroring with no exceptions
• No lasering at renewal
• Flexible offerings to fit each group’s risk tolerance level—with rate caps and experience refund arrangements available

In addition, CBRM has demonstrated superior underwriting results. With an average of 24 years of industry experience, the team will take a long-term pricing approach. They’ll offer lower-than-market renewal increases, which will help mitigate year-over-year volatility. This is one reason CBRM's clients persist for an average of 6.6 years.

To learn more about how CBRM can help your clients manage financial risk, download the flyer.

For more information, contact:

Washington: Sean Grogan | Sean@CommBayRisk.com | 503-721-4079 (office) | 503-891-6223 (cell)

Oregon and Utah: Mike Merz | Michael@CommBayRisk.com | 503-721-4090 (office) | 971-221-8681 (cell)

Idaho: refer to this webpage.

Commencement Bay Risk Management is a separate and independent company that provides stop-loss insurance services but does not provide Blue Cross Blue Shield products or services, and is solely responsible for its product or services.