Let's Get Specific With Hobson Carroll
Heads Up Adviser26 Des 2019

Let's Get Specific With Hobson Carroll

In this episode, I and my good friend Hobson Carroll, who is a world-class actuary, talk about specific deductibles.

We dig into setting the deductible - what types of deductibles we can utilize to mitigate risks and price them appropriately.

As Hobson notes, for a lot of people in today's world, the specific seems to be the most important thing, because everyone realizes that individuals have large claims, and we don't want $2 million claims hitting the budget of the employer self-insured plan.

But if you go back to earlier times when claims didn't get so big and stop loss insurance for self-insured plans was just sort of starting out - it existed in one form or another before that, but it was generally had different names. In reality, in the early days, it was referred to as individual excess risk insurance. And of course, the aggregate protection was known as the aggregate excess risk insurance, excess risk being the term used to describe what happens to the claims over a certain amount.

Stay tuned as we delve into specifics of the specific deductible.

Key Points of Discussion:

  • Everyone realizes that individuals have large claims (1:23)
  • Why employers use risk mitigation tools (3:23)
  • Buying an individual stop loss policy (4:07)
  • Bifurcating claims into two mutually exclusive and complimentary sets (5:04)
  • Of actuarial tables and manuals (7:04)
  • The self-insured plan is this big pot… (10:38)
  • How much to raise the specific deductible to offset the trend increase (18:07)
  • A fully insured product: When they talk about a trend increase… (18:54)
  • It all depends on the sizes of the group, deductible and premium (24:59)
  • The re-insurers know the tricks (28:21)
  • Setting the aggregate attachment point (32:13)

Learn more at: http://headsupadviser.com/

Episoder(158)

The Power of AI Mental Health

The Power of AI Mental Health

Lucas Siegel explains that a massive labor shortage and persistent stigma have made traditional therapy inaccessible for most working Americans. He details how Yuna, is bridging this gap by providing ...

2 Des 202523min

Fortune 100 Health Secrets: Steal These Strategies for Your Mid-Market Clients

Fortune 100 Health Secrets: Steal These Strategies for Your Mid-Market Clients

Lee Lewis explains the "grass is greener" paradox: large employers feel they're too bureaucratic to innovate, while mid-market employers feel they lack the scale. He reveals how a new model is breakin...

11 Nov 202534min

The Advisor’s PBM Playbook: How to Win on Lowest Net Cost, Not Spreadsheets

The Advisor’s PBM Playbook: How to Win on Lowest Net Cost, Not Spreadsheets

Justin, a PBM industry insider, pulls back the curtain on the complex games that drive up pharmacy spend. He explains the critical difference between a PBM that claims to be “transparent” and one that...

28 Okt 202526min

2025 Self-Funded Claims Update: What You Need to Know Before Your January 1, 2026, Renewal

2025 Self-Funded Claims Update: What You Need to Know Before Your January 1, 2026, Renewal

In this episode, John Sbrocco, Founder and CEO of Virtue Health, cuts through the industry jargon to give you a clear-eyed view of the current market. He breaks down the key factors driving medical in...

16 Okt 202529min

High Dollar Claimants: How to Manage Them and Stop the Bleeding

High Dollar Claimants: How to Manage Them and Stop the Bleeding

Natalia Gertsik, a scientific researcher turned commercial leader, shares her personal journey into precision medicine after navigating a friend's brutal brain cancer diagnosis. She explains why tradi...

9 Okt 202530min

Habits Of Multi 7-Figure Brokers

Habits Of Multi 7-Figure Brokers

A million-dollar book isn’t success anymore—it’s table stakes. In this episode, join business advisers John W. Sbrocco and Craig Lack as they reveal the specific habits and mindsets that drive brokers...

15 Jul 202524min

Why Your Prospects Keep Saying NO: Sales Psychology Secrets

Why Your Prospects Keep Saying NO: Sales Psychology Secrets

Are you tired of hearing "no" from prospects, even when your solution is a perfect fit? The problem isn't your offer, it's human psychology. In this episode, we break down the core reasons clients res...

24 Jun 202523min

Stories of Going Long

Stories of Going Long

Thank you to our sponsor: Virtue Health.On Today's Episode: Why do you need to play the long game in a world chasing quick wins? It's easier to stay with the same book of business every year than rein...

6 Aug 202422min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengesnakk
livet-pa-veien-med-jan-erik-larssen
utbytte
rss-pa-konto
pengepodden-2
finansredaksjonen
morgenkaffen-med-finansavisen
liberal-halvtime
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
lederpodden
rss-markedspuls-2
okonomiamatorene
rss-sunn-okonomi