In a major medical insurance policy, the _____ protects the insured from excessive cost sharing, which could be financially devastating.

Question

Quizplus · Accepted Answer

The stop-loss limit in a major medical insurance policy is designed to protect the insured from excessive cost sharing by capping the maximum amount the insured has to pay out-of-pocket within a specific period. Once this limit is reached, the insurance company covers the remaining eligible expenses at 100%.

In a Major Medical Insurance Policy, the _____ Protects the Insured