FBMC has established the following two tiered program to select Stop Loss Partners, and Preferred Stop Loss Partners.

The first tier selects Stop Loss Partners using set qualification standards. This tier is designed to weed out all companies that do not maintain FBMC’s stringent standards, industry standards, or provide the necessary initiatives that will satisfy our customers. For example, Stop Loss Partners must guarantee that all enforced coverage’s will match client benefit design, carriers used are A.M. Best Rated, A- or above (Outlook must be stable or positive), etc.

The final tier selects Preferred Stop Loss Partners using set experience qualification standards. If a Stop Loss Partner from the first tier not only meets, but exceeds all qualification standards within this tier they will achieve Preferred Stop Loss Partner status. The following are sample ratings that will be applied to enable FBMC Partners to elevate their status to that of Preferred Stop Loss Partners: Flexibility of reimbursement application timeline, Responsiveness to inquiries, consistent competitive rates, etc. 

Preferred Stop Loss Partners will be exhibited on the FBMC web site, and will be offered first rights to all new business, and renewal business opportunities.