Catastrophic Wellness Insurance – How to Get the Best Rate

15 Nov

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Looking for catastrophic well being insurance? Want to know how to get the greatest rate with a reliable business? Here’s how …

Catastrophic Health Insurance

Catastrophic health insurance, also recognized as significant medical insurance, is a type of health insurance that pays for main healthcare and hospital expenses but does not pay for visits to your doctor, prescription drugs, or maternity care. Most plans cover hospital stays, surgeries, intensive care, Xrays, and other hospital fees.

Catastrophic well being insurance is the most affordable of all health insurance. Deductibles – the quantity you spend for a claim prior to your insurance company will pay – commence at $500 and go up to $5,000 or far more. Most plans have a lifetime maximum advantage, recognized as a cap, of $1 million to $3 million. Once you reach your cap you can no longer receive positive aspects and your policy is canceled.

If you have a specific pre-existing situation such as AIDS, heart illness, diabetes, multiple sclerosis, or emphysema, you may possibly not be able to get a catastrophic well being insurance strategy.

Catastrophic health insurance may be a excellent well being insurance plan for you if you’re fairly healthful, take couple of or no prescription drugs, and want to conserve cash on your wellness insurance. This strategy could also be a great selection if you happen to be retired and not but eligible for Medicare rewards.

Questions to Take into account

Just before you purchase a catastrophic health insurance program you require to ask yourself:

1. How considerably does the program expense?

2. What does it cover and what is the lifetime maximum benefit?

3. Can I afford to spend for doctor visits and prescriptions drugs?

4. How a lot is the deductible and can I afford it?

Getting Cheap Catastrophic Health Insurance

In order to get the greatest cost on catastrophic well being insurance you need to compare rates. The easiest way to do that is to go online and check out an insurance comparison web site.

After there you’ll be asked to fill out a easy questionnaire with your well being history and the type of insurance you want. Right after you fill out the questionnaire you will get health insurance quotes from a quantity of A-rated insurance companies.

The finest comparison web sites have an insurance skilled on get in touch with so you can get answers to your well being insurance inquiries. They also have an “Articles” or “FAQs” section with information about well being insurance.

6 Responses to “Catastrophic Wellness Insurance – How to Get the Best Rate”

  1. Norbert January 18, 2013 at 10:17 am #

    Most Canadians I understand–and that i live not far from Canada and visit frequently–think it is good.

    edit: our bodies is alright, but only when you casn afford it. I’ve insurance, and that i can not afford the 20% co-pay. I have been prosecuted through the hospital where I’d needed surgery, and that i only make about 13,000.00 per yr. So, now, I do not even visit the dr. for needed check-ups.

    edit: Thanks to everybody who gave well thought-out solutions. I have many userful stuff here.

    “No, thanksInch to any or all who’ve heard a couple of tales about “heart surgery” and wish to make broad claims concerning the whole Canadian healthcare system.

    Canada Comes with the best healthcare on the planet please quit denigrating it. I had been simply asking concerning the economic and intellectual causes of the conservatives’ insufficient support for “socialized” medicine. Some very intelligent “cons” have clarified, and that i truly understand the dialogue.

  2. Prince February 23, 2013 at 12:02 am #

    Me (28) and my fiance (24) both have jobs that offer health insurance. The plan offered where I work is a HSA plan with a $2500 deductable, with 100% coverage after that, to which my employer contributes $50 monthly to the HSA. The share of the plan they pay, $350, is such that it cost me nothing to have this plan. Likewise, even adding my fiance still cost nothing to me monthly (the rate is below $350) I feel this is a sound option, considering that we are generally healthy and only really need catostrophic coverage. Plus, the HSA offers one free physical yearly, which is all we really need. (pap ect is included) Her plan, on the other hand, is a traditional 80/20 plan coming in at $100 monthlywith a $250 deductable.I feel she would be further ahead to just contribute to the HSA, but she doesn’t trust it and wants to pay for coverage at her current job- I think she just throwing her money away, and that $100 monthly is to much considering she only makes $10 hourly. What should we do?

  3. Jacqualine March 25, 2013 at 3:55 pm #

    My 15 year old son has been smoking marijuana for the past 2 years. It is distroying our family and his health. I have Googled many different ways of finding help for him but not even the hospitals in my area offer help for youth with this addiction. What is the best way to find a rehabilitation center that is right for him? The only health insurance we have is catastrophic (very high deductable)

  4. Norbert March 26, 2013 at 12:15 am #

    It would seem to go against the concept of personal responsibility. The argument against usually rests on the idea that some people, like young, healthy people, don’t get sick that often and don’t need it. But this is not true- when they have a catastrophic illness or injury, they become a burden on society, specifically the doctors and hospitals that have to take care of them whether they get paid or not. It is bad enough that most young people already have the idea that health care ought to be free- even when they have the money to pay for ipods, body jewelry, tattoos, etc.

    What’s wrong with requiring at least a high-deductible plan (it wouldn’t cover small charges, but would protect from massive costs to society and personal bankruptcy), keeping it private, giving people a choice of carriers, and instituting community rating and guaranteed issue? If we don’t support something like this we are going to end up with single-payer.

    High-deductible plans for young healthy people are cheap! When my daughter graduated from college I bought such a policy as a graduation present. There are temporary policies designed to cover a gap for a short period of time- in her case, 4 months- it was about $75 a month. There are also high-deductible long-term policies- I have one for myself (I work part-time) that costs about $129 a month. Unfortunately a lot of people have their priorities screwed up and by the time they realize they need insurance (like when they get sick), it is too late.
    I understand your points and appreciate those who do voluntarily take care of this responsibility. If everybody did so, we wouldn’t be having this discussion. Do you have an alternate suggestion? Because I can tell you that right now it is physicians and hospitals that are left holding the bag- as well as everybody else that has to pay higher costs to cover the ones who don’t pay.
    I don’t see it as a slippery slope to socialized medicine, but as an alternative to it.
    I also listen to conservative talk radio and agree with most- but every one of them thinks there’s not a problem here. They’ll say people can just go the emergency room and get taken care of whether they can pay or not. While this is true, it doesn’t make up for the fact the doctor doesn’t get paid! Lets say that anyone can go to an attorney for emergency legal advice whether they can pay or not, and can’t be turned away. Or to a grocery store for emergency food whether they can pay or not, etc. Do you think that is fair to the provider of services that doesn’t get compensated for his or her work?
    Thank you for sharing your experience, Matthew. Please note I said “most”- it is obvious that you are one who has his priorities in order. One theory is that with increased competition among private insurers, people might obtain lower rates or have more choices of plans. For example, COBRA is limited to the usually high-cost plan one had with the employer- I was offered COBRA and chose a different insurer with a high-deductible, low-cost plan as such a plan was not available through COBRA; it was take it or leave it. I also should mention that there is another segment of uninsured out there- those who were insured for many years and lost their insurance, for example, through divorce, and are older and have medical conditions that make it difficult for them to purchase insurance. But what to do about people that could buy insurance for themselves but don’t?
    Good luck in your career!
    jlf, I appreciate your opinion. In this case my question was addressed to conservatives because I found this particular point of view at odds with personal responsibility and was seeking opinions from this particular group, as a conservative myself. However I certainly would appreciate opinions from all.

  5. Mark May 1, 2013 at 9:10 pm #

    I live in Indiana and I was quoted by Blue-Cross (Anthem) for $350 a month for a $10,000 deductible catastrophic health insurance.

    I’m a 55 years old single non-smoker, non-obese, male who takes a blood pressure medicine and a cholesterol medicine only.

    I already have $18,000 in previously established HSA.

    Is that high or pretty good?

  6. Matt July 29, 2013 at 5:43 am #

    I’m looking to offer a health insurance alternative to our employees. We own a small local pizza place and want to add a small incentive to keep our better employees but we simply can’t offer health insurance. Any suggestions please?

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