| You may have heard terms such as mini medical plans | | | | include annual caps on treatments for specific events |
| when searching for health insurance options. If you | | | | such as a $2,500 limit on emergency medical care. |
| need an affordable plan that stays within your limited | | | | The limitations and annual caps will be listed as part of |
| budget, plans that offer less coverage at a cheaper | | | | the terms of the policy. You should review those |
| price may be a suitable option. If you do not know | | | | terms carefully to ensure your needs are still |
| what mini medical plans cover or their difference when | | | | realistically met. |
| compared to other types of health insurance, the | | | | While mini medical plans may seem like an ideal option |
| following is meant to help familiarize you with the term. | | | | for people without insurance, self-employed people, or |
| Hopefully, by highlighting the differences and things to | | | | small business owners wanting to offer benefits to |
| look for in such plans, you can make a more educated | | | | their employees on a budget, reading the fine print will |
| decision. | | | | ensure the best outcome. A healthcare plan that does |
| 1. Mini medical plans are cheaper because they offer | | | | not meet the needs of its participants can be as |
| fewer benefits. Lower lifetime benefit amounts, higher | | | | useless as having no insurance at all. Therefore, this is |
| deductibles, and more limitations on care are common. | | | | one area of medical care and insurance that should |
| 2. How does your deductible work? Many of these | | | | warrant close scrutiny. If the plan does not cover the |
| plans do not pay on the first dollar as major medical | | | | medical expenses you need, it is simply a waste of |
| plans do. That means the cost of your medical | | | | money. Often times, when viewed in light of premiums |
| treatments must be paid out of pocket until those | | | | combined with out of pocket expenses, the true cost |
| expenses reach a predetermined threshold. For | | | | of mini medical plans is not much lower than the cost |
| example, hospital stays may not be covered unless | | | | of a good major plan. Naturally, each individual and |
| they last more than 48 hours or exceed a specific | | | | each company is different, but due diligence ensures |
| billing amount. In that regard, mini medical plans are | | | | better results for your search. |
| more similar to catastrophic coverage than major | | | | If you need assistance in locating particular coverages |
| medical coverage. | | | | at a pre-determined price, we can help save on health |
| 3. Mini medical plans have other loopholes major | | | | insurance. |
| medical plans do not typically have. These loopholes | | | | |