Question: what is a stop loss in medical insurance

title: Stop-loss insurance
text: Companies providing health insurance for their employees through a self - insured plan often subscribe to stop loss policies in order to protect themselves against catastrophic claims . The organization which takes the insurance policy is called the insured and the employees and other people who are covered through the policy are called participants . Most of the time there is an annual limit for the stop loss amount for each participant and an aggregate amount for each policy year . The premium is calculated for each employee for each month . The premium is based on the number of participants , age of the participants and various other information . 

Answer: answer: A stop loss amount is an annual limit for each participant and an aggregate amount for each policy year in order to protect participants against catastrophic claims.