The primary role of the underwriting department, headed by Stuart Moats, is ensuring that MedBen's fully-funded employer groups are priced fairly and accurately, with an eye on maintaining financial stability. This is accomplished by finding ways to manage “risk”, the potential amount of loss.

But underwriting plays in important part in our self-funded business, as well. Employers sometimes modify their employee plans, changing benefits, offering alternative plans, or adding new coverages. Underwriting will work with the employer to produce financial models and examine how such modifications will affect the company’s bottom line.

Underwriting also assists our Specialty Services team with setting up an employer’s Health Reimbursement Arrangement (HRA), reviewing the company's current plan and estimating annual savings based on various benefit design options.

In addition to these duties, the underwriting department makes sure that every plan adheres to MedBen’s corporate policies, as well as federal and state regulations.

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