Question

An insured has endured multiple surgeries and hospitalizations for an illness during the summer months. Her insurer no longer bills her for medical expenses. What term best describes the condition she has met?

Answer 1

Answer:

Stop loss limit.

Explanation:

The health insurance may be defined as a type of agency or policy that covers the medical expenses of the individual either fully or completely. The individual must pay some amount for the continuity of the health insurance.

The stop loss limit in a health insurance determines that the insurer do not pay for the medical expenses of an individual. This might occur when the insurance amount has been reached up to a certain limit and this limits the insurer loss.

Thus, the answer is stop loss limit.