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]
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