| Catastrophic insurance is a form of policy which is | | | | This policy can be tricky to understand so read up on it |
| specially intended to cover calamities. It usually has an | | | | very good so you are sure to understand everything. |
| exceptionally high deductible and a low payment. | | | | Ask your agent about hypothetical situations to |
| It is designed to help people pay for major accidents | | | | determine whether or not they will be covered. |
| and extensive medical care. The costs of prolonged or | | | | Think carefully about the kinds of events which you |
| emergency treatment can get quite high, and this | | | | may be faced with, and make sure that you know |
| coverage can ensure that someone does not go | | | | about all of the exclusions in the insurance coverage |
| bankrupt dealing with medical bills. | | | | before you buy. You would buy catastrophic health |
| For many, it is a good investment even with a high | | | | insurance plans as an individual or as part of a group. |
| deductible as opposed to paying for medical expenses | | | | Certain pre-existing conditions, such as diabetes and |
| out of pocket. Those who have no health insurance | | | | mental health disorders, might mean you can't qualify |
| also stand to gain from it. | | | | for an individual catastrophic health plan without prior |
| These individuals will still have to pay for things like | | | | qualifying group coverage or at least that you can't get |
| routine visits, medications, and so forth, but they can be | | | | coverage for those pre-existing conditions. Because of |
| assured that they will be provided for in the event of a | | | | HIPAA policy, which group catastrophic health plans |
| major illness or accident. | | | | are subject to, you can't be left without enrollment or |
| Very healthy people are good candidates for | | | | coverage, but may possibly have to wait for |
| catastrophic coverage when they opt not to carry | | | | pre-existing condition coverage, depending on your |
| health insurance. | | | | former health insurance policy. |