The-definition.com

Definition

Stop-loss limit

Stop-loss limit is a modification of the coinsurance provision in major medical plans that places a dollar limit on the maximum amount that an individual must pay out of pocket.

Share it:  Cite

More from this Section

  • Current Accounts
    A Current Account at a bank is the account by which a customer (most of businessman) is ...
  • Dynamic open market operation
    Dynamic open market operations means open market operations that are intended to change ...
  • Intermediate Products
    Intermediate Products are produced in order to be used in the production of some other ...
  • Opportunity Cost
    Opportunity Cost is the rate of return that could have been earned on the best alternative ...
  • Financial Lease
    To manage the necessary asset for long-term by lease without costing cash is called Financial ...