Catastrophic Coverage Sample Clauses
Catastrophic Coverage is a clause that provides insurance protection for extremely high-cost medical events or losses that exceed standard coverage limits. Typically, this clause activates after an insured individual has incurred a certain amount of out-of-pocket expenses, at which point the insurer covers most or all additional costs. Its core practical function is to protect policyholders from financial ruin due to rare but severe incidents, ensuring that unexpected, large-scale expenses do not result in overwhelming personal liability.
Catastrophic Coverage. In addition to the eligibility requirements listed above, individuals applying for a Catastrophic plan must also meet one of the following requirements. Catastrophic plans must be purchased through the Marketplace to determine eligibility.
i. be under the age of 30; or
ii. qualify for and have received a hardship exemption from the Marketplace.
Catastrophic Coverage. The City shall offer one or more high-deductible health plans to employees, as described below. Single coverage on a catastrophic health plan shall be provided with no employee contribution towards premium. The scope of such coverage is described in Appendix F, and shall be available as of January 1, 2014.
Catastrophic Coverage. RESERVED
Catastrophic Coverage. “Catastrophic Injury,” as used in this section, is defined as follows: An injury suffered in the line of duty, making an employee incapable of at least sedentary employment within 50 miles of residence, and involving one or more of the following:
(1) Spinal cord injury involving severe paralysis;
(2) loss/loss of use of one or more limb;
(3) severe brain or closed-head injury resulting in cerebral disturbance;
(4) severe third-degree or fourth-degree ▇▇▇▇▇; or
Catastrophic Coverage. Additional coverage equal to FCFA 9,612,000 per covered individual per contract year. Catastrophic conditions shall be defined as major medical conditions occurring as a result of a single/illness/accident or closely related set of major illnesses (or conditions relating to a single accident) that exceed the standard maximum coverage limit.
Catastrophic Coverage. As a member of the NCAA, Xavier University has additional protection for injuries of a more serious nature. This coverage provides benefits when expenses exceed $90,000 within two years of the date of injury. This plan, like the basic plan, is also an excess plan and looks to other valid and collectible group medical coverages to pay for their maximum first. In addition, to increase medical protection the plan provides for loss of earnings, a family adjustment benefit, funds for completion of education, help for remodeling homes or vehicles and also provides for higher limits of accidental death.