Specific Stop Loss
Specific coverage protects an employer against covered claims by an individual in excess of a pre-determined amount, or a specific deductible. It is not health insurance and it is written as a reimbursement policy.
- Offered on a stand alone basis or with aggregate coverage
- Minimum deductible of $50,000 preferred for traditional stop loss coverage
- Minimum deductible of $20,000 preferred for MCO stop loss coverage
- Desired group size over 100 lives
- A variety of coverage maximums available, up to unlimited
Proposal: Request for Stop Loss
Form: Standard Stop Loss Disclosure