Definitions for "Stoploss"
The point or dollar amount, at which the insurance company starts paying 100%.
After the deductible is paid, a specified amount for eligible health care expenses that must be shared by us and the member before we pay 100 percent of additional benefits. The stop-loss dollar amount is based on a calendar year and begins on January 1.
A type of insurance that covers a health plan for claims in excess of a predetermined amount. Stoploss insurance is written on both a specific and aggregate basis.