Posts by letter

L

lifetime maximum benefit (or maximum lifetime benefit)

October 1, 2017 – Lifetime maximum benefit – or maximum lifetime benefit – is the maximum dollar amount a health plan will pay in benefits to an insured… Read more

limited-benefit plan

February 18, 2017 – Limited-benefit plans are medical plans with much lower and more restricted benefits than major medical insurance, but with lower… Read more

long-term care policy

February 18, 2017 – A long-term care policy is an insurance policy that pays for long-term care, either in a nursing home or at the patient's home. Long-term… Read more