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Glossary of Common Health Insurance Terms

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Limitations

A limit on the amount of benefits paid out for a particular covered expense.

Long-term Care Policy

Insurance policies that cover specified services for a period of time. Long-term care policies vary significantly. Covered services often include nursing care, home health care services, and custodial care.

Long-term Disability Insurance

Pays an insured person a percentage of their monthly earnings if they become disabled.
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