Nine-digit health claims are becoming the norm rather than the exception.
In fact, the number of million-dollar-plus medical claims has risen 87% in the past four years, according to Sun Life Financial’s 2018 High-Cost Claims Report. The Sun Life report analyzed self-insured plans, but the trend affects plans of all stripes.
The Big Three
In order to combat this troubling healthcare trend, employers need to understand the conditions that are behind the sky-high claims.
Although 10 conditions make up over $3 billion in claims reimbursements, these three conditions are the most costly for employers year in and year out: