Learn how the new health care law affects health insurance options. Catastrophic health insurance is a financial safety net in case you need major care, but it will also pay for preventive care and a few office visits. Catastrophic illness insurance, also known as ‘critical illness insurance’, provides financial protection to individuals and families in the event of a severe medical diagnosis or condition While traditional health insurance plans offer coverage for routine medical expenses and preventive care, catastrophic illness insurance is designed to provide additional support when faced with a.
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