| Catastrophic health plans come with higher deductibles | | | | a plan. |
| and out of pocket costs. Often times, the higher | | | | How does the plan cover you once the deductible has |
| deductible amounts take a little getting used to, from | | | | been met? |
| what many American are currently familiar with. | | | | Some plans cover 100% of your expenses up to the |
| Common deductible options | | | | "lifetime maximum benefit." However, you may find |
| The most common deductible options are $1,150 per | | | | that some plans only cover 50%, 70%, or 80% of your |
| person, to $5,000 per person, or $2,300 per family to | | | | expenses after you've paid the deductible. Usually the |
| $10,000 per family. These amounts change from year | | | | plan has a stop loss, so your total out of pocket is |
| to year, so be sure to find out what the current | | | | limited to a certain dollar amount in one year, but again, |
| minimums are when you start looking around. | | | | that's a good question to ask the insurance company |
| It's important to know how your deductible applies | | | | or your agent. |
| When searching for catastrophic health insurance | | | | The bottom line |
| coverage it's important to find out if the deductible you | | | | There are a lot of options when it comes to |
| are considering applies to each individual separately, or | | | | deductibles and coverage percentages. While |
| to the family as a whole. Usually if the deductible | | | | considering catastrophic plans for you or your family, |
| applies to each individual, it will max out at two or three | | | | make sure you pay attention to the details of the plan |
| people per family. It's good to make sure you know | | | | work, before you make the move. |
| how the deductible works before moving forward with | | | | |