Are you trying to save a buck? Then I am sure you have thought about the rising/escalating cost of insurance premiums. Many struggling consumers are purchasing Catastrophic plans to save money. Some have no other options it is what they can afford in today's economy.
Catastrophic plans are the most affordable plans available to consumers. It makes since that many consumers are replacing there current benefit plans for this to avoid being completely uninsured. Many can not afford health insurance, but knows without it they could end up in financial ruin.
If your current finances are strained catastrophic plans are not for all. You need to consider a few things before making a choice. The choice could affect your long time finances as well as current situation.
Catastrophic plans are high deductible plans. What this means are you will pay all expenses until that deductible is meeting. You can see how a person with medical conditions that require several visits and test would not benefit
Catastrophic plans are great alternatives for those people who do not use their current insurance often and is comfortable just knowing they will have coverage if an unforeseen illness or accident should occur.
These types of plans lack the benefits most consumers are use to. So you should carefully consider what you feel comfortable living without. Typically, there are no office visit co pay benefits, Prescription co pay benefit or emergency benefit. If you have to go see the doctor for a sinus infection you can expect to pay all expenses.
There are other plans that have high deductibles and allow you to make contributions that you can use towards office visits and other medical expenses you occur prior to the deductible being met. These plans are called HSA or Health Savings Account plans. Some even allow for a preventative exam each year.
Think about your options and what you really need and make a good wise decision. Going uninsured or not having enough coverage to meet your need may lead to more financial trouble then it is worth.
Catastrophic plans are the most affordable plans available to consumers. It makes since that many consumers are replacing there current benefit plans for this to avoid being completely uninsured. Many can not afford health insurance, but knows without it they could end up in financial ruin.
If your current finances are strained catastrophic plans are not for all. You need to consider a few things before making a choice. The choice could affect your long time finances as well as current situation.
Catastrophic plans are high deductible plans. What this means are you will pay all expenses until that deductible is meeting. You can see how a person with medical conditions that require several visits and test would not benefit
Catastrophic plans are great alternatives for those people who do not use their current insurance often and is comfortable just knowing they will have coverage if an unforeseen illness or accident should occur.
These types of plans lack the benefits most consumers are use to. So you should carefully consider what you feel comfortable living without. Typically, there are no office visit co pay benefits, Prescription co pay benefit or emergency benefit. If you have to go see the doctor for a sinus infection you can expect to pay all expenses.
There are other plans that have high deductibles and allow you to make contributions that you can use towards office visits and other medical expenses you occur prior to the deductible being met. These plans are called HSA or Health Savings Account plans. Some even allow for a preventative exam each year.
Think about your options and what you really need and make a good wise decision. Going uninsured or not having enough coverage to meet your need may lead to more financial trouble then it is worth.
About the Author:
Broker Jeff Cline would very much like to to assist your search for catastrophic health insurance. If you are more interested in a short term or temporary solution we have temporary insurance alternatives for you also. We are here to help you. Contact us anytime, day or night 7 days a week for assistance. You can reach us at our toll free number 866-526-9669.
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