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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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