Stop-Loss Insurance is a type of health insurance for businesses with a maximum payment limit. If the medical costs for an employee exceed that limit, the company will be protected from paying the portion of the cost that exceeds the limit.

Example

Company XYZ has Stop-Loss Insurance with a maximum payment limit of 50 million dong. If an employee incurs medical costs up to 70 million dong, the company will be protected from the portion of the cost that exceeds the limit of 50 million dong.