Reinsurance shopping and placement
Through its underwriting department IDA continually monitors market conditions to assure the lowest reasonable costs for specific and aggregate stop loss insurance coverages.
Monthly Claims Reporting
IDA provides detailed monthly claims reporting, either through "hard copy" or over the internet.
Year End Review
IDA, in conjunction with your insurance consultant if applicable, will review the current years plan result and make recommendations for improvements.
IDA currently provides these services as an option to it's clients. If these services are selected, IDA can assist the employers in the fulfillment of these laws.
IDA has had an independent SAS 70 audit performed. A SAS 70 accounting audit of IDA provides clients with assurance of IDA's high standards and procedures concerning internal administration of benefit plans. In addition, outside audits by stop loss carriers have consistently shown a claims accuracy rate well above industry norms.