Medicare Supplement – Insurance Quotes

Catastrophic Health Insurance

While politicians talk about universal health care and the high cost of insurance, the typical American is simply looking for a way to protect himself from the financial burden that accompanies major health problems. The emotional trauma of a serious accident or a debilitating disease is only compounded by the threat of bankruptcy when the bill comes around, but protection against every possible evil is very expensive. Some demographic groups can save a considerable amount of money by opting for what is called a major medical or catastrophic health insurance policy. Our new site for Catastrophic health insurance is http://www.uniquoter.com

We’ve heard the criticism about insurance companies many times – they take your money every month, but then it’s hard to get anything from them when you file a claim. If you have a catastrophic health insurance plan, you may feel this way. Some plans have annual deductibles as high as $10,000. So if you incur an expense of $2,000 – which is nothing to sneeze at – you may feel neglected because your insurance company won’t reimburse you. However, it does protect you against the major medical calamities that can strike even the healthiest people at any time. In many ways, health care costs are rising quickly, and even a couple days in a hospital could cost tens of thousands of dollars.

As a general rule, catastrophic insurance often benefits young health people. Some healthy people often wonder if health insurance is worth the money at all. On the one hand, many young healthy people won’t need to pay for medical costs for several years, but on the other hand, you never know what can happen. That’s why catastrophic insurance can benefit them. Also, many young people aren’t making very high salaries yet, since they’re only at the beginning of their careers.

Since the coverage of catastrophic health insurance is so limited, there are quite a few people who should avoid this kind of plan and opt for a more comprehensive health insurance policy such as anyone with diabetes, athletic injuries, AIDS, respiratory problems, cancer, heart disease or other preconditions which require constant monitoring. Young people with a family history of early heart disease or cancer might want a health plan that would cover regular check-ups and lab work. Couples with the intention of starting a family should look at policies which would cover the cost of prenatal care, delivery and pediatric office visits.

A non-smoking, single, healthy young person with a relatively high deductible could find a catastrophic health insurance quote for as low as $30 per month. Deductibles usually start at $250 and go up from there. Once the deductible has been met, most policies will often cover 80% of all medical bills up to a set maximum out-of-pocket expense such as $5,000. Also, major medical policies only cover up to $1 to $3 million dollars before reaching a cap, or the maximum cost allowed by the program. What the wise shopper needs to remember is that his premium is in inverse proportion to his deductible and coverage. Therefore, anybody that lives by a budget would do well to put aside as much money for medical expenses as a person with a private comprehensive health care plan until he has enough money saved up to pay for occasional doctor visits, prescription medicines, the deductible and a good portion of his maximum out-of-pocket expense.

If you want catastrophic health insurance, make sure you save enough money to in an emergency fund to prepare for a catastrophe. Also, make sure you check into your insurance company’s credentials and find out if their agents are helpful. You’ll need a good company that you can trust, a policy that meets your needs, and the cash to support yourself to pay the deductible in case an emergency does occur.

Look at catastrophic health insurance site to see a policy which works for you.

categories: Catastrophic health insurance,family health insurance