Certified Benefits Professional (CBP®)

What is stop-loss insurance in the context of a self-funded health plan?

Insurance that stops employees from overusing benefits A reinsurance product that protects the employer from catastrophic or unexpectedly high claims A state-mandated reserve requirement for self-funded plans COBRA coverage for terminated employees

Correct Answer:

A reinsurance product that protects the employer from catastrophic or unexpectedly high claims

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