Blog
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Gene Therapy, Speciality Drugs, and Million-Dollar Claims: What Brokers Need to Know About Self-Funded Risk
Over the past decade, BCS has seen an 850% increase in the number of claims exceeding $3 million, driven by gene therapies, specialty drug spend, and rising high-cost claimants across rare disease, neonatal, oncology, and complex cardiac care. These multi-million dollar treatments are now common across the industry, and contributing to rising loss ratios and…
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Mehb Khoja to Chief Operating Officer (COO)
BCS is pleased to announce that Mehb Khoja will assume the role of Chief Operating Officer at BCS Financial, effective April 1. Mehb joined BCS in 2020, as part of the acquisition of Medical Risk Managers, Inc. Since then, he has played an instrumental role in growing BCS’s large claim solutions business, including stop loss, reinsurance,…
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Cybersecurity Awareness Month: Why Protection Matters
October is Cybersecurity Awareness Month, a time to recognize the importance of protecting businesses and critical infrastructure from evolving cyber threats. This year, the Cybersecurity and Infrastructure Security Agency (CISA) introduced the theme “Building a Cyber Strong America”, which emphasizes strengthening organizational resilience and ensuring companies are prepared for cyber risks. Recent events highlight why…
Podcast
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Hardening Stop Loss Market
Even veterans of the stop loss industry are scratching their heads these days, wondering if this is the hardest market with which we’ve ever had to contend. With loss ratios peaking at 91% last year and widespread underperformance across all segments, insurers are struggling to keep pace with the accelerating trajectory of high-severity claims. But…
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Stop Loss Sales Under Pressure
The dynamics between selling stop loss policies and underwriting stop loss policies have always created a strange dichotomy in the stop loss industry. But the latest NAIC data show loss ratios in stop loss climbing to an astounding 91%. And, in an environment where both of the severity and frequency of claims are on the…
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Stop Loss and Supplemental Benefits
While the world of stop loss often focuses on mitigating catastrophic employer risk, supplemental health products are designed to protect the working families at the heart of those plans. In this episode of Firm & Final, we explore these “two sides of the same coin,” examining how these two distinct product lines manage different layers…
Press Room
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GeoBlue® Rebrands to Blue Cross Blue Shield Global Solutions(SM) to Better Reflect Its Global Expertise and Offerings
GeoBlue® Rebrands to Blue Cross Blue Shield Global Solutions(SM)
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BCS Financial Earns Great Place to Work Certification™
BCS announces Great Place to Work® certification, based on employee feedback CHICAGO, September 30, 2025 – BCS Financial is proud to announce that the company has been Certified™ by Great Place To Work®. The prestigious award is based entirely on what current employees say about their experience working at BCS, with 89% of employees saying…
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BCS Financial Reaffirms Importance of Healthcare Solutions for Part-Time, Hourly Workers with New Brand Launch
BCS unveils CareBasic brand for its fixed indemnity insurance offerings, emphasizing the gaps in affordability for basic yet important care CHICAGO, May 28, 2025 /PRNewswire/ — Insurance and financial services company BCS Financial today announces the launch of CareBasic, its new brand for limited benefit medical plans in the marketplace. The new name and logo…
Resources
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Employer Stop Loss Growth and Performance: Market Observations & 2026 Outlook
The employer stop loss market is experiencing robust growth – in both premium and claims. In this paper, we explore recent and historical employer stop loss performance utilizing 10 years of data collected from publicly-available reporting. This analysis, along with insights into the latest trends in the market will provide context and understanding of the…
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Most Notable Claims of 2024
As a large claims underwriter, insurer and reinsurer, BCS has seen our fair share of high-cost claims. Our industry is grappling to absorb rising catastrophic claims, as additional cost drivers like inflation and new pharmaceuticals continue to put pressure on bottom lines. A recent PwC Behind the Numbers 2026 report indicates that “medical cost trend is once…
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EssentialCare Supplemental Health Solutions Filling the Gap: A Case Study
Medical expenses are one of the most significant financial burdens facing American households today. While major medical insurance is the gold standard for employer-sponsored health care, deductibles, copays, and coinsurance can leave individuals and families financially exposed in the event of a medical crisis. This is where supplemental health insurance can play an important role,…