Stop-loss coverage definition
Stop-loss coverage means an arrangement whereby an
Stop-loss coverage means an arrangement whereby an insurer insures against the risk that any one claim will exceed a specific dollar amount or that the entire loss of a self-insurance plan will exceed a specific amount.
Stop-loss coverage means the policy(ies) of insurance that protects Plan Sponsors against large claims. Stop-loss policies take effect after a certain threshold has been exceeded in Benefits payments.
More Definitions of Stop-loss coverage
Stop-loss coverage means insurance purchased by employers who are self-insured to protect themselves from losses.
Stop-loss coverage means protection against catastrophic and unexpected expenses related to Covered Services. The method of protection may include the purchase of stop loss insurance, Reinsurance, self-insurance or any other alternative determined acceptable by OHA.
Stop-loss coverage means protection against catastrophic and unexpected expenses related to Covered Services. The method of protection may include the purchase of stop loss insurance, Reinsurance, self insurance or any other alternative determined acceptable by DHS.