Less ongoing treatment and in-patient aftercare.
Changes of treatment sites from larger hospitals to smaller community centers and home infusions.
"Medical trends that we see through our research reports prompted us to take a step back to consider how people utilize and interact with their healthcare, and how we can better serve our clients' evolving needs with new capabilities," said Dan Fishbein, M.D., president of Sun Life U.S. "Through concepts like care navigation, in-depth research, and investments in digital benefits solutions, we are doing more to help our clients and support our members."
Stop-loss insurance provides financial protection for employers who self-fund their medical plans, which provides more plan design flexibility and cost-containment options, but also means the employer takes on financial risk. According to Kaiser Health, 67 percent of U.S. workers are in a self-funded health plan. Sun Life is the largest independent stop-loss provider in the country, covering more than 4.5 million lives.
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2021, Sun Life had total assets under management of C$1,304 billion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
In the United States, Sun Life is one of the largest group benefits providers, serving more than 55,000 employers in small, medium and large workplaces across the country. Sun Life's broad portfolio of insurance products and services in the U.S. includes disability, absence management, life, dental, vision, voluntary, supplemental health and medical stop-loss. Sun Life and its affiliates in asset management businesses in the U.S. employ approximately 5,500 people. Group insurance policies are issued by Sun Life Assurance Company of Canada (Wellesley Hills, Mass.), except in New York, where policies are issued by Sun Life and Health Insurance Company (U.S.) (Lansing, Mich.).
SOURCE Sun Life U.S.
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