In need of catastrophic health insurance? Want to know where to find the best rate with a reputable insurer? The following explains the way to achieve that.
What's catastrophic health insurance?
Catastrophic health insurance covers all your major medical fees and hospital bills. It doesn't, however, pay for your prescriptions or visits to your physician. This specific type of insurance coverage is also known as major medical insurance. This particular health care insurance pays for your hospital visits, any kind of surgery you may have, intensive medical care expenses, X-rays, required lab tests, and other hospital related charges.
Of all the different kinds of standard health insurance coverage, catastrophic health insurance is the lowest cost. The insurance deductible with one of these plans (the money you pay toward an insurance claim before your insurance provider will pay) begin at $500 and may go as high as $5,000 Almost all plans have a lifetime maximum benefit, referred to as a cap, of $1 million to $3 million. Whenever you reach your cap you'll no longer be given benefits and your insurance coverage will be canceled.
If you have a pre-existing condition like AIDS, heart related illnesses, diabetes, multiple sclerosis, or emphysema, you might not be able to receive a catastrophic health insurance protection policy.
Catastrophic health insurance may be a good health insurance plan when you're fairly healthy, take very few or no prescribed drugs, and want to spend less on your health insurance protection. It is also a good choice if you have retired from your job, do not have insurance, and are not yet qualified for Medicare health insurance.
Things To Consider
Before buying a catastrophic health insurance plan you'll want to ask yourself:
- What is the total cost of the insurance plan?
- Just what does the insurance plan pay for and exactly how much is the insurance policy cap?
- Will I have the ability to cover the cost of my prescribed drugs and any visits to the doctor?.
- Am I Going To be able to pay the deductible?
Getting The Best Rate
You'll need to compare quotes from a number of different insurers to be able to get the best rate quote, and the fastest and simplest way to accomplish this is to visit an insurance comparison site.
On these websites you're going to be required to type in your health information along with the kind of insurance you'd like on a simplified questionnaire. After you complete the questionnaire you'll receive health insurance quotes from a number of A-rated insurance carriers all vying for your business.
After you receive your quotes, all you have to do is compare the actual insurance coverages and insurance quotes from the various providers and choose the cheapest quote with the company that provides the protection you require.
It will take you on average 5 to 10 minutes to do this, and by virtue of the fact that you might save hundreds of dollars annually in insurance costs, I think you will find that this is certainly time well spent.
What's catastrophic health insurance?
Catastrophic health insurance covers all your major medical fees and hospital bills. It doesn't, however, pay for your prescriptions or visits to your physician. This specific type of insurance coverage is also known as major medical insurance. This particular health care insurance pays for your hospital visits, any kind of surgery you may have, intensive medical care expenses, X-rays, required lab tests, and other hospital related charges.
Of all the different kinds of standard health insurance coverage, catastrophic health insurance is the lowest cost. The insurance deductible with one of these plans (the money you pay toward an insurance claim before your insurance provider will pay) begin at $500 and may go as high as $5,000 Almost all plans have a lifetime maximum benefit, referred to as a cap, of $1 million to $3 million. Whenever you reach your cap you'll no longer be given benefits and your insurance coverage will be canceled.
If you have a pre-existing condition like AIDS, heart related illnesses, diabetes, multiple sclerosis, or emphysema, you might not be able to receive a catastrophic health insurance protection policy.
Catastrophic health insurance may be a good health insurance plan when you're fairly healthy, take very few or no prescribed drugs, and want to spend less on your health insurance protection. It is also a good choice if you have retired from your job, do not have insurance, and are not yet qualified for Medicare health insurance.
Things To Consider
Before buying a catastrophic health insurance plan you'll want to ask yourself:
- What is the total cost of the insurance plan?
- Just what does the insurance plan pay for and exactly how much is the insurance policy cap?
- Will I have the ability to cover the cost of my prescribed drugs and any visits to the doctor?.
- Am I Going To be able to pay the deductible?
Getting The Best Rate
You'll need to compare quotes from a number of different insurers to be able to get the best rate quote, and the fastest and simplest way to accomplish this is to visit an insurance comparison site.
On these websites you're going to be required to type in your health information along with the kind of insurance you'd like on a simplified questionnaire. After you complete the questionnaire you'll receive health insurance quotes from a number of A-rated insurance carriers all vying for your business.
After you receive your quotes, all you have to do is compare the actual insurance coverages and insurance quotes from the various providers and choose the cheapest quote with the company that provides the protection you require.
It will take you on average 5 to 10 minutes to do this, and by virtue of the fact that you might save hundreds of dollars annually in insurance costs, I think you will find that this is certainly time well spent.
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