catastrophic illness


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catastrophic illness

any illness that requires lengthy hospitalization, extremely expensive therapies, or other care that would deplete a family's financial resources, unless covered by special medical insurance policies. In Canada, catastrophic illness is covered by Medicare.
A morbid condition that results in health care costs that exceed a person’s income, or which compromise financial independence, reducing him/her to subsistence or near-poverty levels. Catastrophic illnesses are usually life-threatening and may leave significant residual disability—e.g., AIDS, major burns, trauma with residual paralysis or coma, and terminal cancer

catastrophic illness

 A morbid condition that results in health care costs that exceed a person's income, or which compromise financial independence, reducing him/her to subsistence or near-poverty levels; CIs are usually life-threatening and may leave significant residual disability–eg, AIDS, major burns, trauma with residual paralysis or coma, and terminal CA

catastrophic illness

An unusually prolonged or complex illness, esp. one that causes severe organ dysfunction or threatens life. Catastrophic illnesses often make exceptional demands on patients, caregivers, families, and health care resources.
See also: illness
References in periodicals archive ?
His book, How to Protect Your Life Savings from Catastrophic Illness and Nursing Homes, is available from Financial Planning Institute, P.
Ironically, the only widely advocated strategy for dealing with the financial consequences of an uninsured catastrophic illness is to qualify the afflicted individual for Medicaid by transferring his or her assets to another person or legal entity.
The requirement that an MSA be accompanied by an HDHP means that individuals willing to be self-insured for routine medical costs would still have peace of mind that they will be covered in the event of a catastrophic illness.
It sounds like a lot, but it really isn't if you suffer a major catastrophic illness," observes Charles Inlander, president of the Allentown, Penn.
CRT has designed workstations for a number of other individuals with catastrophic illness or injuries including Larry Howard, a software consultant.
Jude are specially trained in counseling to help patients and family members adjust to the changes that result from the diagnosis of a catastrophic illness.
Yes, entertainment is a business of youth-worship and cosmetic surgery, but does anything tap the sap in this town like the death or catastrophic illness of an admired player?
In general, society today believes private insurance or the government will cover the cost of catastrophic illness.
Americans will not have to worry about losing their coverage if they become unemployed or change jobs, and they can finally sleep at night knowing that they won't lose their house or their life savings if they are struck with a catastrophic illness.
These have included funds for housing and subsistence when disaster has struck, subsistence support at times of catastrophic illness, and other support for unforeseen emergencies.
Because catastrophic illness was devastating the personal finances of the unfortunate in the second decade of this century, the concept of insurance was born.
But a Harvard bankruptcy study shows that a family that makes $90,000 with 2 incomes will face bankruptcy when one spouse faces a catastrophic illness and the other needs to take time off to attend to that spouse's needs.

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