What Does Stop-Loss Provision Mean?

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What does Stop-Loss Provision mean? Read on to discover the definition & meaning of the term Stop-Loss Provision - to help you better understand the language used in insurance policies.

Stop-Loss Provision

Stop-Loss Provision

Designed to stop the company's loss at a given point, as an aggregate payable under a policy, a maximum payable for any one disability or the like; also applies to individuals, placing a limit on the maximum out-of-pocket expenses an insured must pay for health care, after which the health policy covers all expenses.

We hope the you have a better understanding of the meaning of Stop-Loss Provision.

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