What does Stop-Loss Insurance mean? Read on to discover the definition & meaning of the term Stop-Loss Insurance - to help you better understand the language used in insurance policies.
Stop-loss insurance refers to an insurance that aims to protect an employer from losing income because of medical claims by the employees. It is able to do that by letting the insurance cover for the medical expenses of the employees after the employer spends a specific amount on them. There are two types of stop-loss policies: individual and aggregate.
We hope the you have a better understanding of the meaning of Stop-Loss Insurance.