Catastrophic Health Insurance
A Money-Saving Solution to High Health Insurance Costs
Catastrophic health insurance can be an excellent money-saving solution to high health insurance costs. Here are the details of this popular solution:
The basic idea
Catastrophic health insurance plans cover major, catastrophic expenses. They don't cover the day-to-day expenses (with the exception of preventive care) such as routine office visits. Because of this, they are much more affordable than traditional health plans that offer "bells and whistles" coverage.
Or call 877-648-2539 between (8am and 7pm central time) to speak with a licensed agent and get a quote!
Popularity
The idea of paying for common expenses such as office visits and prescriptions 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. With healthcare costs continually on the rise, they've become an increasingly popular money-saving solution.
More benefits than monthly savings
In addition to significantly lower 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 even additional savings.
Find 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 to be used with a health savings account. The plan must be qualified in order to reap the tax benefits and open a health savings account.
Who can benefit from these plans?
Catastrophic health insurance plans work best for individuals or families who don't utilize their benefits often, are relatively healthy with no chronic conditions, and don't have multiple expensive medications.
Take the next step
If you or your family fit the description above, I invite you to continue to explore this money-saving solution by requesting an instant online quote.
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!
