Examples of Catastrophic plan in a sentence
In addition to the eligibility requirements listed above, individuals applying for a Catastrophic plan must also meet one of the following requirements.
A Basic Coverage Plan (Catastrophic plan) helps protect a person from financial disaster in the event of a serious and expensive medical emergency.
We used our current enrollment in the Catastrophic plan as a proxy for eligibility and adjusted the projected members that would qualify under the hardship rule to account for the increase premiums.
The average morbidity level for the Catastrophic plan is estimated to be approximately 25% lower than that of a similar Bronze plan.
Reason for Rate Change(s): The main drivers supporting the rate change are 1) increase in the base period experience of the combined pool, 2) trend, 3) elimination of the health insurer fee, 4) higher projected risk adjustment factor, and 5) higher projected cost for the Catastrophic plan.