Medical stop-loss insurance, also known as excess coverage insurance, intends to provide protection against catastrophic or unpredictable losses for self-funded employers. If a self-funded plan has a more significant claim than its deductible, the stop-loss policy reimburses the excess amount of the loss coverage. Deductibles are limits set in the policy, and in case the…

In the broadest sense, medical stop-loss insurance, which is also known as excess insurance, is coverage that provides protection in the event of a catastrophic or unpredictable loss. This form of insurance is sought after by employers who have made the decision to use their own funds to pay for their employees’ benefit plans. Essentially,…