The U.S. arm of a Japanese insurer will be offering stop-loss coverage to employers with self-funded health plans administered by Principal Financial Group Inc.
Nippon Life Insurance Company of America, New York, a unit of Nippon Life Insurance Company, Tokyo, says the NLI America stop-loss program will be designed for employers with 50 or more employees, with a minimum deductible of $10,000.
The stop-loss program will be administered by R.E. Moulton Inc., a unit of OneAmerica Financial Partners Inc., Indianapolis.