0
Q:

What does Stop-loss, Coinsurance Maximum, or Maximum Out-of-Pocket mean?

Add your answer...

1 Answer

0
Many people understand that they must meet their deductible and then they will be responsible for a percentage of costs beyond that while the insurance company pays the rest - 80/20, 70/30, 50/50 are very common "co-insurance" percentages. What many people don't realize is that there is often a point in time where the insurance company assumes 100% of the financial responsibility for claims. Stop-loss, coinsurance maximum and maximum out-of-pocket are terms that refer to that point in time where the insurance company assumes full claim responsibility. more
tminsure.com
Thanks for your feedback!

Related Videos

Not the answer you're looking for? Try asking your own question.

...