What does Stop Loss-Excess Loss mean? Read on to discover the definition & meaning of the term Stop Loss-Excess Loss - to help you better understand the language used in insurance policies.
Stop Loss-Excess Loss
Individual or group policies providing coverage to a health plan, a self-insured employer plan, or a medical provider providing coverage to insure against the risk that any one claim or an entire plan's losses will exceed a specified dollar amount.
We hope the you have a better understanding of the meaning of Stop Loss-Excess Loss.