| Switching to an affordable catastrophic health | | | | money you save on the premium. Also, if you go to |
| insurance plan is a great way to keep quality major | | | | the doctors office often, you may be better off on a |
| medical coverage and drastically lower your monthly | | | | type of plan that covers office visits before you are |
| premium. Here are the main things you need to know | | | | required to pay your deductible. On the other hand, |
| about catastrophic health insurance before taking the | | | | many catastrophic insurance plans cover one annual |
| leap and leaving your old plan behind. | | | | physical before the deductible, so you can get |
| Catastrophic Means You Take on More Risk | | | | checked out once per year. Some plans even cover |
| Catastrophic health insurance plans are affordable | | | | minor accidents before the deductible. |
| because they require you to pay for everything up to | | | | Coverage After the Deductible Might be Better than |
| your deductible amount before the coverage kicks in. | | | | the Coverage You Have Now |
| Deductible for catastrophic insurance plans usually | | | | One great thing about many affordable catastrophic |
| range from $1,500 to $5,000 per person. Some | | | | health insurance plans is that they cover 100% after |
| companies even have deductibles larger than $5,000. | | | | the deductible. This means that you don't have to |
| Make sure that whatever deductible you choose, that | | | | worry about paying 20% or 30% after the deductible |
| you could afford to pay that amount out-of-pocket in a | | | | and your annual stop loss is your deductible amount. |
| major medical event. | | | | Many plans have this feature but some don't. Its |
| Another Reason it's Affordable is Because You Lose | | | | important to make sue you know how the plan covers |
| the Bells and Whistles | | | | expenses after you pay your deductible. |
| No more office visit coverage and prescription | | | | The Best Part |
| coverage before the deductible. This is one reason | | | | The price. Plain and simple. Affordable catastrophic |
| why many people with expensive medications don't | | | | health insurance plans can save you a lot of money on |
| move to a catastrophic insurance plan. They have to | | | | a monthly basis. On top of that, if the health plan is |
| pay for their medications out-of-pocket. If you have | | | | compatible with a health savings account, you can pay |
| expensive medications, this could eat up all of the | | | | for all of your medical expenses pre-tax! |