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Covering the
Catastrophic situation
This is what health insurance is really for.
As rates increase, it makes more sense to
thing of health insurance in terms of
covering the potential large bill at a lower
monthly premium cost. Before receiving
your instant quote, you can find more
information here:
Catastrophic coverage
Covering the Large
Bills
Health Savings
Accounts
Who does catastrophic coverage work for?
As rates increase more quickly each year for
full benefit HMO and PPO plans, the
catastrophic, high deductible insurance
plans will make become even more beneficial.
It works very well for anyone in the 40's,
50's or 60's as premium increases with age.
It also tends to work well with families.
Again, the annualized premium savings vs
potential out of pocket is the key
comparison to make (read below).
High Deductible plans Since the
insured person is both paying the
premium and receiving the benefits, it
usually makes sense to look at a low cost,
high deductible PPO plan that is
comprehensive. Compare the annual
savings in premium versus the Maximum out of
Pocket possibility. If your savings in
premium accounts for a sizable amount the
potential out of Pocket maximum, then it
might be a good decision. In a bad
year (health wise), it's a wash. In a
good to average year, you stand to save the
annual premium difference. We would be
happy to help with this health insurance
comparison.
We would be happy to help with this health
insurance comparison.
You can get your Catastrophic health insurance quote for either option
here:
Individual - Family
Health Insurance
Small Business Health
Insurance
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