Health Insurance terms starting with L

5 terms

1. Large Group Health Plan In general, a group health plan that covers employees of an employer that has 101 or more employees.
2. Lifetime Limit A dollar limit on how much the insurance company will pay in your lifetime. An insurer may, for example, cover up to $1 million over your lifetime.
3. Limited Benefit Health Insurance Policies “Limited benefit health insurance policies” can cost far less than traditional insurance, but cap what health insurance carriers will pay toward…
4. Limited Benefits Plan A type of health plan that provides coverage for only certain specified health care services or treatments or provides coverage for health care services…
5. Long-Term Care Services that help meet the medical and nonmedical needs of people with a chronic illness or disability.