Definitions for "Lifetime maximum"
The highest total amount an insurance company will pay for a person's health care over a lifetime.
The cap limiting the total number of benefits a policy holder can receive within the eternal existence of his | her health insurance policy. Many policies have a five million dollar lifetime benefit, meaning that the insurer agrees to pay for up to five million dollars worth of covered services within the life of the policy.
The maximum amount of covered services that will be provided to a member while they have coverage under this health benefit plan.