What Is A Catastrophic Health Insurance Plan?

​Catastrophic health insurance is a type of insurance that provides medical coverage designed to protect people from worst-case scenarios like serious injuries or prolonged illness. It is open to people under 30 years of age and adults of any age who have a government-approved general hardship exemption.

Catastrophic Insurance Health Benefits
This plan covers the same minimum health benefits as other health plans under the affordable care act (ACA), including emergency services, prescription medications, preventive services, and more.

With this health insurance, you pay for all health care costs out of pocket until you reach the high annual deductible, and then after that, your plan pays for most health care services.

Catastrophic health insurance plans cover the following benefits even if you haven't met your annual deductible yet:

• Three free primary care visits per year.
• Free preventive services.

Having catastrophic coverage can help you save a lot of money if you are likely to stay relatively healthy because premiums tend to be far lower than traditional plans. Catastrophic plans give you 100% coverage for preventive care services before meeting your deductible and access to 10 essential health benefits, which are:

1. Medications.
2. Mental health and addiction services.
3. Rehabilitative and habilitative services and devices.
4. Laboratory services.
5. Pediatric services.
6. Pregnancy, maternity, and newborn care.
7. Outpatient care services.
8. Emergency services.
9. Hospitalization.
10. Preventive and wellness services and chronic disease management.

Is a Catastrophic Insurance Plan right for me?
Catastrophic health plans may be right for you if:

• You want to be prepared against high medical bills in a worst-case scenario.
• You don't qualify for Medicaid.
• You want low premiums in exchange for a very high deductible.
• You want lower premiums for a very high deductible.

Conclusion 
All situations are different, so it's recommended to carefully consider your health needs, budget, and priorities to determine what plan or coverage that's best for you. Don't risk going uninsured because health issues can happen suddenly, leaving you with hefty medical bills to deal with. So stay on the safe side and get catastrophic health insurance plans to make sure you don't get any financial shocks.

At Insurance Agency Network, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (425) 448-9190. Get your free quote today by CLICKING HERE. The coverage discussed in this article is not guaranteed. Please call our agents, we are happy to help you learn more about your plan and make sure you have the coverage you need.