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Catastrophic Health Insurance Plans
Consumer Driven Health Plans
Family Health Insurance
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Individual Health Insurance
Major Medical Health Insurance
Switching to an affordable catastrophic health insurance plan is a great way to keep quality major medical coverage and drastically lower your monthly premium. Here are some things to know about catastrophic health insurance before taking the leap and leaving your old plan behind.
"Catastrophic" means you take on more risk
Catastrophic health insurance plans help people save money because they require you to pay for all of your medical expenses until you meet your medical deductible - that's when your coverage kicks in. Deductibles for catastrophic insurance plans usually range from $1,500 to $5,000 per person. Some companies even have deductibles of $10,000, $15,000, and $25,000. Make sure that, whatever deductible you choose, you can afford to pay up to that amount in the event of a major medical expense.
Get a catastrophic health insurance quote online instantly!
Or call 877-648-2539 between 8am and 7pm (central time) to speak with a licensed agent and get a quote!
The reason it's affordable is because you accept the more common risks
If you purchase a catastrophic health insurance plan, office visit and prescriptions won't be covered until after you've met your medical deductible. This is one reason why people with expensive medications and chronic health conditions choose traditional plans over catastrophic plan (they have to pay for their medications and office visits out of their own pocket).
On the other hand, many catastrophic insurance plans cover one annual physical before the deductible, so you can get checked out once per year. Some plans even cover minor accidents before the deductible.
Coverage after the deductible is better than most traditional plans
One great thing about many affordable catastrophic medical plans is that they cover 100% of your medical expenses after you've met the medical deductible. This means that you don't have to worry about paying 20% or 30% after the deductible and your annual stop loss is your deductible amount. Many plans have this feature, but some don't. It's important to understand if your deductible is an individual deductible or a family deductible. Also, make sure you know how your plan covers expenses after you pay your deductible.
The best part
The price. Affordable catastrophic health insurance plans can save you a lot of money. In addition, if the health plan is compatible with a health savings account, you can pay for all of your medical expenses with pre-tax money!
Get a catastrophic health insurance quote online instantly!
Or call 877-648-2539 between 8am and 7pm (central time) to speak with an agent about catastrophic coverage and get a quote!
Affordable Catastrophic Health Insurance Plans
Affordable Catastrophic Health Insurance Plans
Find out what you need to know about catastrophic health insurance plans before you make a decision.
