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 you are one of the numerous consumers struggling to make ends meet then a catastrophic plan may be the perfect alternative, if even just temporary. It is something to consider very carefully, however. It is not the best solution for everyone. Here are some things to consider:
Sometime a Catastrophic plan can have a deductible as high as $10000. If you have a medical condition that is a lot of money to pay before the insurer helps. In which case this type of plan may not be beneficial.
This plan best suits the consumer that is generally healthy and does not anticipate many office visits. Although they do not anticipate acquiring much medical expense the plan would still protect them if a major medical condition occurred.
A catastrophic plan does not have benefits that many consumers have always had. If you have any medical expense, office visit, prescription or even labs you will be expected to pay that out of your pocket until you have meet your high deductible.
HSA's are nice affordable alternatives to a catastrophic plan. The are high deductible plans with a boost. You can make contributions to an account that will fund your expenses and the sometimes give you a preventative benefit.
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 you are one of the numerous consumers struggling to make ends meet then a catastrophic plan may be the perfect alternative, if even just temporary. It is something to consider very carefully, however. It is not the best solution for everyone. Here are some things to consider:
Sometime a Catastrophic plan can have a deductible as high as $10000. If you have a medical condition that is a lot of money to pay before the insurer helps. In which case this type of plan may not be beneficial.
This plan best suits the consumer that is generally healthy and does not anticipate many office visits. Although they do not anticipate acquiring much medical expense the plan would still protect them if a major medical condition occurred.
A catastrophic plan does not have benefits that many consumers have always had. If you have any medical expense, office visit, prescription or even labs you will be expected to pay that out of your pocket until you have meet your high deductible.
HSA's are nice affordable alternatives to a catastrophic plan. The are high deductible plans with a boost. You can make contributions to an account that will fund your expenses and the sometimes give you a preventative benefit.
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 options for you also. We are here to serve you. Contact us anytime, day or night 7 days a week for support. You can reach us at our toll free number 866-526-9669.
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