Nationwide's Medical Stop Loss (MSL) team is commemorating over 20 years of providing crucial protection to businesses with self-funded healthcare plans. As healthcare costs continue to rise in the United States, employers are exploring alternative methods to manage expenses. Self-funding health plans have emerged as a cost-effective solution, but they also carry the risk of businesses being liable for significant medical costs should their employees experience serious illnesses or catastrophic claims.

Medical stop loss insurance serves as a safeguard for businesses, shielding them from unexpected medical expenses and offering better control over managing claims and coverage for employees. Nationwide's MSL team has been at the forefront of this industry for two decades, ensuring that businesses of all sizes can effectively manage costs.

Syed Rizvi, the leader of Nationwide's MSL business, emphasizes the significance of medical stop loss insurance for businesses. He states, "After 20 years in the market, we know how important medical stop loss insurance is for businesses of all sizes that want to manage costs." Nationwide takes this commitment to the next level by partnering with top-notch Managing General Underwriters (MGUs) to deliver tailored medical stop loss coverage that meets businesses' unique needs and challenges.

MGUs are highly knowledgeable insurance intermediaries authorized to provide policies on behalf of carriers. They specialize in nonstandard, niche, or specialty lines of insurance, catering to specific customer groups such as public sector municipalities, government entities, and small or mid-market businesses. Nationwide's MSL team has cultivated enduring partnerships with MGUs, including their original partner from two decades ago, RMTS. Additionally, they have forged successful collaborations with AccuRisk Solutions, Ethos Underwriting Solutions, International Risk Consultants, Maverick Health Group, Roundstone Insurance, SL Management Partners, and Starline Group.

Rizvi acknowledges the significance of Nationwide's MGU partnership model, which has been the cornerstone of their success over the past 20 years. He remarks, "We've added, changed, and deepened our relationships with different partners over time, and together, we're committed to helping businesses with very unique medical stop loss needs, allowing us to reach customers we wouldn't be able to help on our own."

Aside from their strong partnerships, the Nationwide MSL team's expertise and dedication to their clients have significantly contributed to their achievements. They offer a comprehensive suite of self-funding solutions tailored to businesses with between 10 and 5,000 employees.

"Our people and partners set us apart from the competition," affirms Rizvi. "This team is a dedicated and specialized group of industry experts – and we're committed to helping our clients now and well into the future."

For more information and resources on Nationwide medical stop loss insurance, visit their website at [https://nationwidefinancial.com/products/corporate-solutions/medical-stop-loss](https://nationwidefinancial.com/products/corporate-solutions/medical-stop-loss).

NSM-0370AO

01/2024