Question

Health insurance that provides protection against the high cost of treating severe or lengthy illnesses or disabilities is called____________?

1) Catastrophic
2) Severe
3) Third-party payer
4) No correct answer

Answer 1

Catastrophic insurance is a type of health insurance that provides protection against the high cost of treating severe or lengthy illnesses or disabilities.

Step-by-step explanation:

Health insurance that provides protection against the high cost of treating severe or lengthy illnesses or disabilities is called catastrophic insurance. Catastrophic insurance is designed to cover major medical expenses that exceed a certain threshold, such as a high deductible, and offers financial protection in the event of a serious illness or injury.