| If you are looking for a way to save some money on | | | | Who Should Consider Carrying Catastrophic Health |
| health insurance, you might want to consider obtaining | | | | Insurance? |
| a catastrophic health insurance plan. At the same time, | | | | Since catastrophic health insurance does not help pay |
| while a catastrophic health insurance plan can save | | | | for routine medical costs or prescription drugs, anyone |
| money, it is not necessarily the best choice for | | | | with ongoing health problems that require medical care |
| everyone. Therefore, you should carefully weigh the | | | | should not purchase this type of health insurance |
| pros and cons of this type of health insurance | | | | coverage. |
| coverage in order to determine if it is right for you. | | | | The ideal candidates for this type of insurance |
| What is Catastrophic Health Insurance? | | | | coverage are usually those that are in their 20s as well |
| Catastrophic health insurance, which is also referred to | | | | as those that are between the ages of 50 and 65. |
| as major medical health insurance, is a form of | | | | This because young adults often do not have |
| insurance that primarily covers the expenses | | | | coverage through their employer's and cannot afford |
| associated with major medical events. Therefore, you | | | | to pay for comprehensive coverage. In addition, they |
| will usually be expected to pay for your doctor's visits | | | | tend to be in good general health and only need to |
| and prescription drugs out of your own pocket, but you | | | | have coverage in case of a major medical event, like |
| will receive coverage if you are admitted to the | | | | an accident. Those between the ages of 50 and 65, |
| hospital or if you experience any major medical | | | | on the other hand, may be retired and interested in |
| expense. Items that are generally covered with | | | | having insurance to cover them in case of a serious |
| catastrophic health insurance include: | | | | health issue, such as coming down with cancer or |
| Diagnostics | | | | having a heart attack. |
| Hospital stays | | | | When determining whether or not catastrophic health |
| Intensive care | | | | insurance is right for you, you should consider your |
| Lab tests | | | | budget, your health and your ability to cover the cost |
| Surgery | | | | of high deductibles if you should develop a serious |
| X-rays | | | | health condition. |
| Since catastrophic health insurance only covers major | | | | Remember a major med plan can save you money in |
| medical expenses, your monthly premiums can be | | | | the short run, but there are often holes in the coverage |
| kept much lower than what you would pay for | | | | which, if you're unlucky can end up costing you big in |
| comprehensive health insurance coverage. In addition, | | | | the end. |
| the deductibles tend to be much higher with this form | | | | Discuss all options with your health insurance agent. |
| of health insurance coverage. | | | | |