..and more perspectives from Sun Life ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Your latest perspectives from Sun Life

What's new...

New COVID-19 Stop-Loss product solutions - Learn more

New York Paid Family Leave: 2021 rate changes - Learn more

MA Paid Family and Medical Leave – Updates and reminders for Clients! - See article

In case you missed it...

Sun Life introduces hospital indemnity insurance to help members close coverage gaps - Read our flyer

Sun Life to pay $10 Personal Protective Equipment (PPE) allowance per dental visit - Learn more

Introduction to gene therapies stop-loss whitepaper - Read our whitepaper

2020 high-cost stop-loss claims and injectable drug trends report - Read the report

What's new...

New COVID-19 Stop-Loss product solutions

Sun Life Stop-Loss Clients now have three new products available to help with costs related to COVID-19. Whether Clients are concerned about high-cost hospitalizations or a potential outbreak, there is an option to meet their needs. Learn more about our COVID-19 Outbreak Benefit, Specific Benefit, and Aggregate Benefit.

Learn more

New York Paid Family Leave: 2021 rate changes

Help your Clients understand the NY PFL rate and benefit increases for 2021 by sharing this compliance update flyer. According to the update, the rate is increasing from 0.270% to 0.511% of an employee’s gross wages, up to an annual maximum premium of $385.34. In addition, the benefit will increase from 60% to 67% of the Statewide Average Weekly Wage, and the maximum benefit duration will increase to 12 weeks.

Learn more

MA Paid Family and Medical Leave – Updates and reminders for Clients!

  • Final regulations were released in July. Watch our webinar and read about the law by visiting us at www.sunlife.com/mapfml.
  • We have begun implementing Clients who elected us as their private plan administrator. Clients can expect to hear from us shortly if we have not reached out to them already.
  • While we will discuss private plan exemption renewal requirements (and several other readiness topics) during implementation, it’s important to know:
    • IMPORTANT! For self-insured MA PFML approved with an effective date of 10/1/2019, Clients will need to update their bond requirement before it expires and renew their plan by 10/1/2020. Learn more.
    • All fully-insured policies approved with an effective date of 10/1/2019 were extended since the renewal period for PFML exemption is between 11/30/2020 and 12/31/2020. Learn more. We will provide the policy form ID when available later this year.

 

In case you missed it...

Sun Life introduces hospital indemnity insurance to help members close coverage gaps

Many people are ill prepared for the high out-of-pocket costs often associated with a hospitalization. These costs are often in the thousands of dollars depending on the length of the stay. Sun Life already offers Critical Illness, Cancer, Accident and Gap, all supplemental health plans that complement medical coverage. New to the supplemental health portfolio of offerings is hospital indemnity insurance.

Learn how Sun Life’s hospital indemnity insurance can complement the medical offering and help close coverage gaps.

Read our flyer
 

Sun Life to pay $10 Personal Protective Equipment (PPE) allowance per dental visit

Dental practices have opened and returned to providing the important preventive dental care that dental plans provide and encourage. To ensure patient safety during treatments, practices are using additional personal protective equipment, PPE.

Sun Life Dental is offering the PPE allowance for dental treatment dates of October 1, 2020, through December 31, 2020. Restrictions apply. The allowance is subject to regulatory review and may vary by state. Learn more about the Sun Life PPE allowance.

Learn more

Introduction to gene therapies stop-loss whitepaper

In August, we released a whitepaper that is designed to break down the complicated topic of gene therapies. As new therapies are evaluated for FDA approval and the landscape for gene therapies continues to change, it is important for your Clients to understand what gene therapies are, how they work, and what might be coming down the pipeline. Educate your Clients by sharing our gene therapies whitepaper.

Read our whitepaper

2020 high-cost stop-loss claims and injectable drug trends report

Interested in learning more about the highest-cost claims, top secondary diagnoses, injectable drug trends, and what is new in million dollar claims? Check out our recent analysis involving over 40,000 claims and $3.9 billion in stop-loss reimbursements and our full list of recommendations in our 2020 high-cost claims and injectable drug trends report!

Read the report

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