Definitions for "Stop-loss insurance"
Keywords:  reinsurance, self, mcos, claim, dollar
Protection purchased by self-funded buyers against the risk of large losses or a severe adverse claim experience
This is a type of reinsurance which can be taken out by a health plan or self-funded employer plan. The plan can be written to cover excess losses over a specified amount either on a specific or individual basis, or on a total basis for the plan over a period of time such as one year.
Insurance coverage that enables sponsors of self-insured group health care plans to place a dollar limit on their liability for paying claims.