Stop-loss insurance

Stop-loss insurance

A type of insurance coverage that enables provider organisations or self-funded groups to place a dollar limit on their liability for paying claims and requires the insurer issuing the insurance to reimburse the insured organisation for claims paid in excess of a specified yearly maximum.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Health care
Category: General
Company: Blue Cross Blue Shield
Product:
Acronym-Abbreviation:

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