Catastrophic Health Insurance

How good is a policy for catastrophic health insurance for you?

Although there are many health insurance plans offered, catastrophic health policies of insurance to cover the specific needs against disasters. Basically, these plans are of two types: the detailed plans and type of supplement. Comprehensive health insurance catastrophic primarily covers conventional health care services and health care in an emergency, such as the cost of an ambulance while insurance coverage supports additional requirements such as psychiatric treatment and nursing, etc. These insurance covers, after deductibles are paid, full responsibility for most of the costs of medical treatment of the insurer shall be borne by the insurer.

Advantages and disadvantages:

Catastrophic health insurance is very useful in cases of disaster, and that will offset the increased amount of medical expenses that are likely to face in life. The advantage of this insurance is that it has a low premium to the current health insurance policy, since no fees compensated the cost of relatively minor medical consulting. If you are healthy enough and do not depend on support from prescription drugs, catastrophic health insurance is the best to save money on your insurance coverage. In addition, if you are diagnosed with acute illness and may allow some increase in the premium of insurance, catastrophic insurance health is the best option you can have.


If you already are suffering from certain diseases like diabetes, heart problems, AIDS or multiple sclerosis, the disadvantage of medical disaster insurance is not covering the costs of these diseases. At the same time, these plans do not provide compensation for preventive care on the disease. Have to meet all expenses for the routine treatment of diseases such as you own pocket to pay medical fees or medicines. In addition, catastrophic health insurance does not pay anything unless your frankness is complete. If you can’t spend a large sum of money for medical expenses, this insurance does not suit you.

These plans catastrophic health insurance is largely by people who enjoy taking advantage of the premium costs low and get a huge annual insurance deductible. Varies between $ 500 and $ 5.000. Next to the normal coverage plan has a limit, which is an advantage from the start can receive up to $ 1 million to $ 3 million. The insurance is automatically canceled when the maximum amount is reached.

To put it in a direct political, catastrophic health insurance is a kind of alternative financial security in adverse weather conditions rather than just a health insurance plan. You are also eligible for a refund of the appropriate fee under a plan (health savings account), if you are covered by Medicare catastrophic. This insurance is the ideal choice for families with monthly income does not guarantee all medical expenses are covered. It is recommended that before going to a policy of catastrophic health insurance, you must know the amount of annual premium you can afford and you should have this amount of cash.