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TeachMeFinance.com - explain Catastrophic Illness Catastrophic Illness The term 'Catastrophic Illness ' as it applies to the area of Medicare in the United States can be defined as '　　A very serious and costly health problem that could be life threatening or cause life-long disability. The cost of medical services alone for this type of serious condition could cause you financial hardship'. Previous 5 Terms: Catalytic hydrocracking Catalytic hydrotreating catarrhine Catastrophe Catastrophic crop insurance (CAT) Next 5 Terms: Catastrophic Limit Catch Catchment Area Catchment basin catechectics About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.