A monthly premium policy of Ordinary Life Insurance, not Industrial, with the premiums collected according to the debit system.
A monthly premium policy of Ordinary Life Insurance, not Industrial, with the premiums collected according to the debit system.
The dollar amount of claims filed for eligible expenses at which point you’ve paid 100 percent of your out-of-pocket and the insurance begins to pay at 100%. Stop-loss is reached when an insured individual has paid the deductible and reached the out-of-pocket maximum amount of co-insurance.