Catastrophic Benefits

(redirected from Catastrophic Benefit)
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
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There [are] no premiums, no gap, a minimum copay, no deductible, and a full catastrophic benefit.
Finally, the Senate Republican plan provides an option for the self-employed to obtain a basic catastrophic benefit coverage plan.
Swanson will have qualified for the catastrophic benefit, and will not have to pay anything more for her drugs that year if her drug costs increase more than expected.
The study's findings have important implications for all of the various prescription drug legislation pending in Congress, since the same tools used by pharmacy benefits managers, or PBMs, in their discount card programs can be used to lower costs for prescriptions filled by patients during any gap in coverage - for example, before a catastrophic benefit was reached or before patients satisfy a deductible.
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.

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