If you are out of a job and do not have health insurance or your employer does not have health insurance, it would be worth your thinking about purchasing a catastrophic health insurance plan. The catastrophic health insurance plan is designed to meet expenses of major health issues, has low premiums per month but high deductibles.
For prescription drugs and doctors visits, you will be expected to foot the bill when you opt for the catastrophic coverage health plan, but expenses of a major nature will be covered. Some of the major areas covered may be surgery, hospital stays, lab tests, surgery and X-rays. The plan will not normally cover pregnancy or maternity care.
The plan can be purchased on an individual or group plan. There is normally a requirement to pass a screening for pre-existing health conditions. This will ensure that any existing ailments would be excluded from the plan.
Conditions like heart ailments, cancer emphysema, diabetes and an infinite number of possibilities would be among the exclusions.
The people who take up the catastrophic insurance cover are the healthy twenty-year olds and those approaching retirement (50 to 65 year-olds). It is quite popular as well with self-employed persons who have no health insurance cover and cost effective.
Is it worth getting a catastrophic health insurance cover? There are a few things to consider before you take the option. If you are quite healthy and do not have existing medical problems and have no health insurance cover you may seriously consider the catastrophic coverage option.
For the older person without health problems, this option would be ideal to cover major calamities like cancer and heart attacks. If you do not fall into any of these categories, it may be wise to look at other choices.
What should be the major areas of scrutiny in selecting a catastrophic cover plan? Before deciding on a package to take up, check out the following:
The cost of the premiums :
The total out of pocket cost and size of the deductibles
The areas of coverage :
Your ability to meet the office co-payments and the cost of prescriptions.
The existence and seriousness of pre-existing conditions
Frequency of illnesses
Should you want to look into the catastrophic health insurance options, there are a few ways of doing so. You could check online for a company that provides the insurance or contact a local health insurance agent to give you quotes and options. The more you contact the better.
