| Looking for secrets to save money on your health | | | | - Second, many plans cover preventive care and |
| insurance premiums by using catastrophic health | | | | minor accidents before the deductible. Make sure you |
| insurance? Here are some things that most people | | | | find a plan that has these benefits, if they are |
| don't know that will help you keep quality coverage at | | | | important to you. |
| an affordable price. | | | | - Third, make sure you find a plan with a lifetime |
| Catastrophic Health Insurance is Very Affordable | | | | maximum benefits that's high enough for your needs. |
| Because catastrophic plans are specifically designed | | | | Many people feel comfortable with a lifetime benefit of |
| to protect against major medical events, and not | | | | $2,000,000 or higher. Although some plans have |
| smaller, everyday expenses, they are much more | | | | benefits of $5,000,000, $10,000,000 and higher. |
| affordable than traditional health plans. The higher the | | | | Exclusive Tax Benefits |
| deductible you choose for your plan, the more | | | | Certain catastrophic health insurance plans offer |
| affordable your monthly premium will be. | | | | unmatchable tax benefits. "Qualified high deductible |
| Quality Major Medical Protection (plus extras) | | | | health plans" (a type of catastrophic health plan) allow |
| Many catastrophic plans have similar major medical | | | | you to open a health savings account (HSA). An HSA |
| protection. But, there are some things you can look for | | | | can be opened at most banks and credit unions. Once |
| to make sure you are getting the best coverage for | | | | open, you can deposit money into your HSA account |
| your money. | | | | pre-tax. This account balance can be used exclusively |
| - First, make sure the plan covers a decent % of your | | | | to pay for medical bills, dental and vision expenses, and |
| medical expenses after you reach the deductible. | | | | more. Best of all, the money comes out tax free. It's |
| Many plans will cover 100% of your expenses after | | | | the only tax advantaged account of its kind, where |
| your deductible has been met. Others will cover 90%, | | | | money goes in pre-tax, and comes out tax free. |
| 80%, or 70%. | | | | |