What is an elimination period?What is a catastrophic health plan?What is a deductible?

What is an elimination period?

You can think of the elimination period as another way to describe long term care insurance deductible. This is the number of days that you will be responsible for paying for your care before the insurance begins to pay. Other insurance plans have deductibles that are measured in dollars. Long term care insurance policies have…
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What is a catastrophic health plan?

This type of health insurance plan pays hospital and medical expenses once they have exceeded a higher deductible. The cost for these plans is usually substantially less than "first dollar" plans, with lower deductibles.
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What is a deductible?

A deductible is the portion of your health care that you pay before insurance starts to cover the expense. Usually, the higher the deductible, the lower the premiums.  You can have more than one deductible on your policy ~ for example, one for a hospital stay and one for prescriptions.
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