What is Aggregate Stop-Loss Insurance?
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CEO Featured in Risk & Insurance Magazine
12/1/2008 12:00:00 AM
William McKelvey, president of AMF Risk Management Solutions, has the sense that the U.S. healthcare system will not improve until foreign competition comes in. AMF is an underwriter of group medical stop-loss insurance but is also in the process of launching a health plan option for employers that features international medical travel. Read the full article
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Specific Stop-Loss insurance covers individuals just like a high deductible plan. Aggregate stop-loss covers the entire group for an amount under the specific limit. As an example: a group with 25 employees with a $5,000 deductible would have $125,000 worth of exposure if all employees filed a maximum claim amount. The aggregate policy can limit this risk to something more manageable like $50,000.