Comprehensive Health Insurance Plans Comprehensive health insurance plans cover all types of health care services and supplies. The reimbursement formula applies to the total covered expenses subject to a deductible. Most comprehensive plans are simple in design and minimize confusion in terms of multiple coverages. Most comprehensive health insurance plans cap the maximum annual out-of pocket expenses paid by an individual or a family. These are individual health insurance plans that pay a number of benefits up to large maximums specifically for the treatment of a disease named in the plan.
Diseases normally covered include cancer, diabetes, stroke and heart disease.
These plans normally cover hospital stay and specific medical procedures such as chemotherapy. Neither Medicare nor regular health insurance plans cover these types of expenses. The benefit provisions in LTC policies set forth what the insurance company will pay. The LTC plans offered by most insurance companies provide for a choice of waiting periods before benefits become payable. Plans with longer waiting periods normally cost less than plans with shorter waiting periods.