Catastrophic illness
insurance coverage was designed for major hospital and medical
expenses such as intensive care, heart attack, cancer, and other
serious illness and hospitalization needs. Catastrophic
illness insurance is generally for people between 50 to 65 who
studies show are more prone to certain illnesses or younger
individuals who may not be covered by an employer.
Catastrophic illness insurance policies typically come with a very
high deductible from $500 to $15,000 and high maximum benefit
payments, usually $1 - $3 million.
