Catastrophic Benefits

A 2nd tier of health insurance or health care plan benefits that are ‘activated’ once the benefits have been exhausted from the 1st tier, after which coverage is provided under the catastrophic portion of the policy or plan, in which ‘deductible’ fees must be paid and co-payment requirements met
Mentioned in ?
References in periodicals archive ?
Additionally, the cost of providing such catastrophic benefits could be reduced through the addition of an early duration deductible that vanishes over time.
It can have catastrophic benefits that will pay out for cancer, heart attacks and strokes; life insurance can help even when you don't die.
A year ago it was estimated that about two-thirds of dialysis patients would experience the gap and one-third would get catastrophic benefits.
Higher-income Medicare beneficiaries would be able to enroll in the plan for $25 a year and receive catastrophic benefits that would cover all prescription costs over $3,300 a year.
As we're all aware, there is a continuing dialogue in Congress regarding ways to reduce costs to beneficiaries of the new catastrophic benefits by cutting or modifying the program," she said.

Full browser ?