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Catastrophic medical insurance is insurance only for large payments when something major happens to you. If you have regular health insurance, you do not need to purchase catastrophic insurance as well.

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12y ago

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What is covered under catastrophic health insurance?

Serious damage, such as the breakage of a bone, or other muscle tears and ligament breakages. Also heart failures, and cancer treatment is covered in catastrophic health insurance.


Will catastrophic insurance cover damages caused by a hurricane?

Hurrican damage is covered. Anything direct, sudden, and accidental is covered.


How does catastrophic insurance work?

"Catastrophic insurance is a type of health insurance. With this type of insurance, the insured pays lower monthly premiums, but a higher deductible. For a person who doesn't need to see the doctor very often, but wants to be covered in case of an accident, this type of plan may be a good idea."


What types of damage or events are included under catastrophic insurance coverage?

Catastrophic insurance coverage includes many damage or events caused by both natural disasters or other accidental damage to your home. Damage by events such as flooding, lightning, wind damage, and other weather events are generally covered. Some catastrophic insurance coverage policies also cover damage done by fire, but check with your insurance company to be sure.


Does insurance cover theft of electronics from a vehicle?

Factory installed Yes in most cases, after market you would need to check the policy. But remember if you have a dedutable you pay X amount first and the insurace pays the rest!


What is the adjusted Premium calculation formula for insurance?

For health insurance: Total Charge = Insurance Payment + Insurance Adjustment + Self Pay (+Non-covered) Total Charge = Insurance Payment + Insurance Adjustment + Deductable + Coinsurance + Non covered charges Total Charge= INS + CJR + Deductible + Co +NC EXAMPLE: The Patient is seen for an MRI costing $3500, where the insurace states covered charges are $3000. They are on a 90/10 plan ( based on total charges) with a $500 unmet deductable. Find the following a. Insurace Payment 2150 3500-500-850= 2150 b. Insurance Adjustment 500 3500-3000= 500 c. Patient Responsibility 850 500 + 350 (10% of total 3500) = 850 ----------------------------------------------------------------------------------------------------------- THE EASYER WAY IS: 1st figure the Insurarace Adjustment 500 3500-3000=500 2nd the Patient Responsibily 850 500 + 350 (10% of total 3500) = 850 3rd Insurance Payment 2150 3500-500-850= 2150


Will insurance cover Cosmetic Dentistry?

Most of the cases is not covered by any insurance. However, if the need arose after an accident then the insurance must cover the cost


Which type of health insurance pays part or all of the surgeons fee?

Major Medical insurance is the best type of health insurance to have. It generally covers all or a specified percentage of anything that is deemed medically necessary. There are all types of health insurance. Many of them just cover a specified amount of coverage for different procedures. You don't want this type of insurance. It covered a certain amount for each type of loss leaving you to pay the remainder out of pocket which can be catastrophic. Major Medical is what you need.


Will insurance pay for a Rehab Center?

Some insurance carriers will, whereas other insurance carriers will not. Additionally, whether rehab will be covered depends on what type of rehab is necessary. Contact your insurance agent for more information.


What is boiler insurance and what exactly does it cover?

Boiler insurance isn't usually covered on standard home insurance. Boiler insurance covers repairs, parts, and possible replacement of your home boiler. Boilers can be costly to repair that is why the insurance is necessary.


Does medical insurance in California cover invisalign braces?

Medical insurance does not cover invisalign braces. These aren't considered necessary and regular braces are a lot cheaper if they were covered.


Which insurance will cover IVF medicine cost in Alberta?

Medicine for IVF (Invitro Fertilization - a process that promotes pregnancy) is not typically covered by insurance because it is not medically necessary.