Which of the following types of coverage provide protection up to a maximum limit in cases of catastrophic or prolonged illness?

Answers

1. Catastrophic Health Insurance: Catastrophic health insurance is designed to provide financial protection against the costs associated with major medical catastrophes such as extended hospital stays or a prolonged illness. This type of health insurance typically offers a high deductible, meaning the policyholder must pay a certain amount before the insurance pays any benefits. Catastrophic health insurance also has a maximum limit per covered incident or illness, which means it will only cover up to a certain amount. 2. Long-Term Care Insurance: Long-term care insurance provides protection against the costs of long-term medical care for an extended period of time. This type of insurance typically has a maximum limit per health incident, which means it will only cover up to a specified amount. This maximum limit can vary from policy to policy, but it often covers the costs of long-term care such as nursing home care or home health care.

Answered by Teresa Walsh

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