Employers, who choose to self-fund their employee benefit plans but don’t want to assume 100% of the liability for losses arising from it, purchase Stop Loss coverage.
Stop Loss is an excess risk product that provides the self-funded employer protection against catastrophic or unpredictable losses.
The agent and/or TPA work with the carrier to obtain the Stop Loss coverage and is the contact person between the employer and the carrier. [as offered by Medical Expense Group under Select Markets]