Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
Business and Personal Finance Unit 4 Chapter 14 © 2007 ... - Quia
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Section <strong>14</strong>.1<br />
Health Insurance <strong>and</strong> Financial Planning<br />
stop-loss<br />
provision<br />
a provision that<br />
requires the<br />
policyholder to<br />
pay all costs up to<br />
a certain amount,<br />
after which the<br />
insurance<br />
company pays<br />
100 percent of the<br />
remaining<br />
expenses covered<br />
in the policy<br />
Stop-Loss Provisions<br />
Some major medical policies contain a stop-loss<br />
provision.<br />
Typically, the policyholder will pay between<br />
$3,000 <strong>and</strong> $5,000 in out-of-pocket expenses<br />
before the coverage begins.<br />
<strong>Business</strong> <strong>and</strong> <strong>Personal</strong> <strong>Finance</strong> <strong>Unit</strong> 4 <strong>Chapter</strong> <strong>14</strong> © <strong>2007</strong> Glencoe/McGraw-Hill<br />
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