Catastrophic Health Insurance

Catastrophic health insurance is sometimes referred to as major medical insurance. A catastrophic medical care insurance plan is a form of healthcare plan that is designed to provide more than enough protection for the policyholder against some type of prolonged/catastrophic medical expense that is the result of some kind of serious health related issue. Catastrophic health insurance has very few limitations; however, deductibles and coinsurance are standard for this type of policy. Catastrophic health insurance policies are designed in such a way so as to protect the policyholder & the provider of the plan from having to pay too much money towards any services that are related to healthcare. Catastrophic health insurance providers are protected through what is referred to as a "lifetime payout provision," which establishes a limit to the $ amount the provider is responsible for paying over the course of the policyholders' lifetime. The policyholder gets their protection through what is commonly referred to as an "out-of-pocket maximum," a feature that limits your expenses over the course of a given year. (Every year) After you have exceeded this limit, the burden of all your future healthcare costs for the rest of the year fall into the hands of your health insurance provider. This is incredibly important should you become debilitated by some serious/chronic illness/injury.

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How does this differ from standard   ( HEALTH INSURANCE )

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