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 health insurance provides protection against the high cost of treating severe or lengthy illnesses or disabilities.

Step-by-step explanation:

The correct answer to the question is Catastrophic health insurance.

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

For example, if a person has a catastrophic health insurance plan and they need to undergo an expensive surgery, the insurance would cover a significant portion of the costs, reducing the financial burden on the individual.