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Tuesday, 9 July 2013

Low Cost Catastrophic Health Insurance Coverage - How You Can Find It

By Brian Stevens


In need of catastrophic health insurance? Want to find out the way to get the best quote with a reliable insurer? The following shows you the best way to achieve that.

Catastrophic Health Insurance

Catastrophic health insurance, sometimes called major medical insurance coverage, is a type of health insurance protection that pays for major medical as well as hospital costs but will not take care of visits to your health care professional, prescription medications, or maternity care. This particular health insurance protection pays for your hospital visits, any kind of surgery you might have, intensive care fees, X-rays, required medical tests, and other hospital related costs.

Of all of the different types of basic health insurance coverage, catastrophic health insurance is the lowest cost. The insurance deductible with one of these plans (the amount of money you have to pay toward a claim before your insurance company will pay) start at $500 and can go as high as $5,000 Nearly all plans contain a lifetime maximum benefit, known as a cap, of $1 million to $3 million. When you reach your cap you'll no longer receive benefits and your insurance coverage will end up being terminated.



Catastrophic health insurance is a great plan should you want to save a lot of money on your insurance coverage, if you're in good health, and if you do not take a lot of prescribed drugs. It is also a good choice if you have retired from your job, haven't any insurance protection, and are not yet qualified for Medicare insurance.

Some Things To Consider

Before choosing a catastrophic health insurance plan you need to ask yourself:

- How much does the policy cost?

- Just what does the insurance plan cover and exactly how much is the insurance policy cap?

- Can I afford to pay doctor visits as well as prescribed drugs myself?

- Will I be able to pay for the deductible?

Where To Get The Best Rate

You must compare rates from a number of different insurers to be able to obtain the best rate quote, and the quickest and most convenient way to accomplish this will be to visit an insurance comparison site.

Once there you'll be required to complete an easy questionnaire with your health history plus the kind of insurance you want. As soon as you fill out the questionnaire you'll receive health insurance quotes from a number of A-rated insurance companies all competing for your business.

When you receive your quotes all you have to do is compare your quotes plus the insurance coverages, then pick the company that has the cheapest price as well as the best insurance protection for your particular needs.

It will take you typically 5 to 10 minutes to get this done, and by virtue of the fact that you may save hundreds of dollars a year in insurance costs, I think you'll find that this is certainly time well spent.






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