Catastrophic illness

Source: Wikipedia, the free encyclopedia.

A catastrophic illness is a severe illness requiring prolonged hospitalization or recovery. Examples include

health insurance companies and may incapacitate the person from working, creating a financial hardship. They are the type intended to be covered by high-deductible health plans. Research indicates that the unusual economic environment of the delivery of catastrophic illness care encourages the use of innovative therapies.[2] Medicare contains a benefit for catastrophic illness.[3]

References

  1. ^ John K. Iglehart (March 2001), Medicare's New Benefits: "Catastrophic" Health Insurance, vol. 10, Journal of Research in Pharmaceutical Economics, pp. 213–228