#catastrophic health insurance

Looking for catastrophic health insurance? Want to know how to get the best rate with a reputable company? Here’s how to do it. Catastrophic Health Insurance Catastrophic health insurance, sometimes called major medical insurance, is a type of health insurance that pays for major medical and hospital fees but does not pay for visits to your health care professional, prescription drugs, or maternity care. Virtually all plans cover hospital stays, surgeries, intensive care, Xrays, and other hospital fees. Catastrophic health insurance is the cheapest of all health insurance. Deductibles - the amount you pay for a claim before your insurance company will pay - start at $500 and go up to $5,000 . Virtually all plans have a lifetime maximum benefit, known as a cap, of $1 million to $3 million. Once you reach your cap you can no longer receive benefits and your insurance coverage will be canceled. Catastrophic health insurance may be a good health insurance plan if you happen to healthy, take few or no prescription drugs, and want to save money on your health insurance. This plan may also be a good choice when you’re retired and not yet eligible for Medicare . Questions To Consider Before you buy a catastrophic health insurance plan you need to ask yourself: - How much does the plan cost? - What does it cover and what is the lifetime maximum benefit? - Can I afford doctor visits plus prescription drugs myself? - How much is the deductible and can I afford to pay it? Getting Low Cost Catastrophic Health Insurance In order to get the best price on catastrophic health insurance you will have to compare rates. The easiest way to do that is to go online and visit an insurance comparison website. Once there you’ll be asked to fill out a simple questionnaire with your health history plus the type of insurance you want. After you fill out the questionnaire you’ll get health insurance quotes from a number of A-rated insurance companies all vying for your business. After you receive your quotes all you have to do is compare the quotes and the coverages, then choose the company that has the best quote and the best coverage for your particular needs. It will take you on average 5 to 10 minutes to do this, and by virtue of the fact that you could save hundreds of dollars a year in insurance costs, I think you’ll find this is time well spent.