Can someone explain Stop Loss like I’m 5?

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I feel really stupid about this, but for some reason I just can’t understand Stop Loss. I took a quiz. The question: “Your insured has a $500 deductible. After paying her deductible, the policy pays 80% of eligible expenses. The policy has a $10,000 stop loss. If this insured were to have 50,000$ in eligible expenses, what would be the insured maximum out of pocket?”

The answer is $2500. But I’m trying to make sense of how they got this number.

Please help 🙁

submitted by /u/MirrrorSaw
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I feel really stupid about this, but for some reason I just can’t understand Stop Loss. I took a quiz. The question: “Your insured has a $500 deductible. After paying her deductible, the policy pays 80% of eligible expenses. The policy has a $10,000 stop loss. If this insured were to have 50,000$ in eligible expenses, what would be the insured maximum out of pocket?” The answer is $2500. But I’m trying to make sense of how they got this number. Please help 🙁
submitted by /u/MirrrorSaw [link] [comments]Read Morer/HealthInsurance

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