catastrophic health insurance

catastrophic health insurance

health insurance that awards benefits to pay for the cost of severe or lengthy disability or illness. Benefits on some policies are not paid until a specified minimum amount paid by the insured is exceeded. Most policies have a limit in total benefits paid, and payment for certain kinds of services may be precluded or limited to a maximum indemnity.
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legislation that would allow individuals over the age of 30 to purchase catastrophic health insurance plans, which is prohibited under current law.
An increase could also increase catastrophic health insurance payments, disability insurance benefits payments, life insurance death benefit payments and benefits payments linked to health-related annuity riders.
Elaina George says the United States needs to return to a health care finance system based more on catastrophic health insurance, traditional indemnity insurance and patients' own cash, and less on efforts by giant insurers or giant, hospital-based "health care systems," to manage care.
Some state insurance regulators want to stop asking health insurers about how they allocate surplus capital to protect against pandemic risks or other catastrophic health insurance risks.
Catastrophic health insurance can be an important purchase if one wishes to insure against financial insolvency.
Affordable catastrophic health insurance plans are being offered at extremely competitive rates.
MY COLUMN TWO WEEKS ago prompted a reader to send me an e-mail asking pointed questions about my conclusion that this country needs mandatory government-run catastrophic health insurance, which I acknowledged would be as socialistic as Medicare and Social Security.
It includes a $15,000 standard deduction for health insurance for any family covered by at least a catastrophic health insurance policy, regardless of whether it was purchased individually or by an employer.
At the same time, we should require people to take personal responsibility for their health care coverage, to pay their own way and avoid shifting costs to their fellow citizens, and to buy at least a basic, catastrophic health insurance policy.
It combines catastrophic health insurance with a tax-favored savings plan.
Under a mandatory insurance scheme, all Americans would be required to purchase a basic high-deductible catastrophic health insurance policy from a private insurance company.
The need of designing catastrophic health insurance schemes is prevalent in countries where coverage for health care is significantly inadequate.

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