Stop-loss insurance
In accounting, stop-loss insurance means a policy that reimburses a self-insured employer when claims pass a threshold — per person (specific) or in total (aggregate). It insures the employer, not the employees, and is generally not health insurance under state law.
Authority: DOL Technical Release 2014-01 (opens in a new tab). Sources
The lesson that teaches this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- reinsurance
- health insurance
Also in Benefits
Defined in Lexicon. This page is generated from that document, so the two can't disagree.