Catastrophic Health Insurance
A money-saving solution to high health insurance costs
Catastrophic health insurance can be an excellent money-saving solution to surviving high medical insurance costs. Here's the "why" and "how" of it:
Catastrophic health insurance plans cover major, catastrophic expenses, but not the day-to-day expenses like routine office visits. Because of this, they are much more affordable than traditional health plans that offer bells and whistles.
Find out how much money you could be saving.
Or call 877-648-2539 between 8am and 7pm (central time) to speak with a locally licensed agent and get a quote!
The idea of paying for the day-to-day stuff out of your own pocket and only insuring for major expenses became popular with the introduction of qualified high deductible health plans and health savings accounts in December of 2003. Ever since, with healthcare costs continually on the rise, they've become ever increasingly more popular.
In addition to the savings on premiums, many catastrophic health insurance plans offer tax benefits. In fact, it's possible to pay for most of your health, dental, and vision expenses with pre-tax money, giving you additional savings. There are some unique expenses that are tax deductible if you purchase a qualified plan.
To make sure you have access to these valuable tax benefits, be certain that the plan you are considering is "qualified" by the IRS to be used with a health savings account. You'll know they are if they are labeled "qualified high deductible health plans". If you aren't sure whether or not the plan you are considering can be used with a health savings account, ask a health insurance agent in your area.
Catastrophic health insurance plans work best for individuals or families who don't over-utilize their benefits, are relatively healthy with no chronic conditions, and don't have multiple expensive medications.
Find out how much money you could be saving.
Or call 877-648-2539 between 8am and 7pm (central time) to speak with a locally licensed agent and get a quote!
