单词 | lifetime limit |
释义 | lifetime limit in Insurance (laɪftaɪm lɪmɪt) Word forms: (regular plural) lifetime limits noun (Insurance: Medical insurance) The lifetime limit of a health insurance plan is the maximum coverage that it offers, after which payment stops, and the policyholder must pay all remaining costs. Instead of using a per claim maximum, most insurers write a lifetime limit on medical policies. Approximately 55% of individuals with employer-provided health insurance are subjectto lifetime limits; the most common of which are $1 million and $2 million. The lifetime limit of a health insurance plan is the maximum coverage that it offers, after which paymentstops, and the policyholder must pay all remaining costs. |
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