Partially Self-Funded Insurance Programs That Limit the Self-Insured Portion of an Employee's

question 29

True/False

Partially self-funded insurance programs that limit the self-insured portion of an employee's medical coverage to a specific amount is commonly referred to as an aggregate stop loss limit.

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Definitions:

Carrier

A company or individual responsible for the transportation of goods or people.

Substantially Conforming

A term that refers to goods, services, or performance that meets contract specifications closely enough to fulfill the agreement's requirements.

Conforming Goods

Goods that meet the specifications and standards outlined in a contract, satisfying the terms of the agreement between buyer and seller.

Preponderantly Conforming

A legal term used to describe goods that substantially meet the specifications or requirements outlined in a contract, despite minor discrepancies.