Finding catastrophic insurance for a low price is easy. But finding a plan that has quality major medical benefits, and doesn't skimp on claims can be a challenge.
Coverage Differences
Most Americans are used to having office visits and prescriptions covered before they have to meet their deductible. In order to move to a catastrophic insurance plan you must be willing to pay for office visits, prescriptions, minor accidents, and other everyday and major expenses yourself (up to the deductible amount).
Some catastrophic insurance plans cover preventive care before the deductible. Many of these plans also have an option to add an accident rider. This means that minor accidents may be covered before the deductible.
The Price Advantage
The main advantage of catastrophic insurance is that they cost substantially less than full-benefit health insurance plans. Many times the difference in price is shocking. Unfortunately, many Americans haven't accepted the idea of taking on their everyday medical expenses by themselves. However once you do the math, you might decide that it's worth making the switch.
Should I Switch?
Making the decision to switch to a catastrophic insurance plan is a personal decision. But there is a method that I use with my clients. If you save enough in premium to fund the difference in deductible for one person in 18 months, that's a good sign that the plan is worth purchasing.
Take Control of Your Health Care
Switching to a catastrophic insurance plan is a great way to take control of your health care dollars and save a large amount of money on your monthly premiums. Find out if a catastrophic insurance plan you are considering is compatible with a health savings account. This will allow you to pay for your medical expenses with pre-tax money.
The Best and Most Valuable "Free" Resource
A local agent can help you decide which catastrophic plan is best for you or your family. Best of all the service is free to you. The agent gets a commission from the insurance company if you purchase the plan. Taking advantage of an agent's knowledge, experience, and resources is the most effective way to find a new plan.
To receive quotes for catastrophic insurance plans in your local area complete this short form.
To learn more about catastrophic health plans please visit my website about catastrophic insurance. While you're there please download your free copy of my eBook titled "Seven Money-Saving Health Insurance Tips."
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