Understanding Catastrophic Health Insurance

These days, there are a lot of people struggling to pay the bills. Times are tough and money is tight all over it seems. You may be in need of health coverage for yourself and/or your family, but do not receive it from your employer and don't think you can afford an individual policy. In this case, consider catastrophic health insurance as a possible choice. Many insurance shoppers don't realize this is an option for them.

With catastrophic insurance, the basic premise is that you are going to pay more for routine exams and prescriptions, but if something serious happens you are covered against sky high costs. This might include a car accident, heart attack, stroke, or any other sudden catastrophic event for which treatment is medically sophisticated and highly expensive. For healthy adults who don't need regular medications or doctor visits this is a type of insurance to think about if you want to save money as the plans are significantly cheaper on average than the traditional insurance policy.

If you haven't gone to the doctor in years and never get sick, by all means consider catastrophic coverage. However if you are the kind of person who catches every cold and virus and takes prescription medicine regularly catastrophic coverage may not be enough for you. It really depends on your health status and personal preferences as to whether or not this coverage is right for you.

Under the umbrella of catastrophic insurance there are two main categories – comprehensive and supplemental. With comprehensive coverage, the deductible is still high but you get more along the lines of traditional health insurance. Supplemental catastrophic coverage is what it sounds like, a supplement to any other health insurance policies you might have.

You might wonder whether or not this type of medical insurance coverage is right for you. First of all, evaluate your situation. Catastrophic health insurance is often preferred by the self employed because it is the least expensive choice. For healthy individuals this kind of insurance plan can save money which is a good thing in today's day and age. If you have questions or want to get quoted for this type of insurance coverage speak to an agent or submit an online insurance quote form.

 

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Health Insurance Reform News:

 

Larry Sobal column: Elections won't impact rising health care costs - Appleton Post Crescent

Larry Sobal column: Elections won't impact rising health care costs
Appleton Post Crescent
First, the Supreme Court is expected to rule on the constitutionality of the Health Reform legislation (aka the Patient Protection and Affordable Care Act). Second, the presidential election will coincide with key votes for House and Senate seats.

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National health reform effort is still ripe for debate
Indiana businesses are angling to tweak myriad details of U.S. overhaul..


Health reform: Not much love for the requirement to buy coverage
Some liberals are joining conservatives in bashing a requirement in the federal health reform law that would force many people to obtain health insurance or pay a penalty...


Doctor shortage in Iowa will blunt health reform's effect - Journal Express

Doctor shortage in Iowa will blunt health reform's effect
Journal Express
The new health reform law is expected to create 32 million more insured Americans, according to the Congressional Budget Office. The federal government plans to expand Medicaid to low-income adults and subsidize purchases on the health-insurance .

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High-Deductible Health Insurance Pinches Workers From Both Sides
Like many Americans, Debbie Bass' health insurance policy is utterly confounding: It's more expensive than it used to be, but the coverage is worse and the rules just seem to get more arcane...


Illinois voters evenly split on health care reform - Chicago Tribune

Illinois voters evenly split on health care reform
Chicago Tribune
Illinois voters are split over health care reform, even as the US Supreme Court prepares to weigh the constitutionality of a crucial piece of President Barack Obama's signature initiative. A new Tribune/WGN-TV poll found that 45 percent of voters here .

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Nebraska's Health Insurance Reform
Nebraska lawmakers are set to begin work on the state's version of health insurance reform..


Vision care at risk in health reform plan
The unintended consequences of not including stand-alone vision plans in the health care reform plan's insurance exchanges will have significant ramifications in our community...


Health insurance agents feel pinch
Independent health insurance agents and brokers across Michigan are suffering revenue losses of 15 percent to 40 percent because federal regulations limit insurance company administrative fees to 20 percent of premiums in the individual...


Nebraska's Health Insurance Reform - WOWT

Nebraska's Health Insurance Reform
WOWT
Reporter: AP Nebraska lawmakers are set to begin work on the state's version of health insurance reform. Two bills to create the Nebraska Health Benefit Exchange Act come up for debate Tuesday. Sen. Rich Pahls of Boys Town and Sen.
NE Legislature Will Debate Health Care ReformKCAU
Neb. lawmakers to debate health insurance exchangeGrand Island Independent

all 18 news articles »
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Health care reform health insurance reform Vs | Focus on health
How should the problem (s) be resolved? The average person who favored government intervention in health reform, believes that the health insurance reform is needed. Be sure to be confused with health care reform health insurance reform...


Don't mix up religious disputes with practical health-care insurance issue - Athens NEWS

Chicago Tribune
Don't mix up religious disputes with practical health-care insurance issue
Athens NEWS
In response to Ms. Carol Costanzo's letter, regarding the recent birth control controversy and the Catholic Church: The idea that anyone could be upset with the current proposed standards within the recent health care reform is absurd.
Birth-control fight shows folly of federal mandatesOregonLive.com
Hearing examines contraceptive mandate's impact on religious libertyCatholic Sentinel
Birth control controversy never had to happenRochester Democrat and Chronicle
The Depaulia -Philadelphia Inquirer -Voice of America
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Consumer Power Report: Coburn and Burr Plant the Flag - Health Care News

Consumer Power Report: Coburn and Burr Plant the Flag
Health Care News
Benjamin Domenech is managing editor of Health Care News and a research fellow at The Heartland. (read full bio) Washington, DC witnessed a confrontation last week that encapsulates, for good and for ill, the dire situation facing the United States .
GOP Senators Offer Medicare Reform PlanInsurance News Net (press release)
Reply to commentCalifornia Progress Report

all 5 news articles »
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Health insurance agents feel pinch - Crain's Detroit Business

Health insurance agents feel pinch
Crain's Detroit Business
As a health reform cost containment feature, the US Department of Health and Human Services enacted a regulation Jan. 1, 2011, requiring agent commissions paid by insurance companies to be counted as administrative expenses that are part of a formula .

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Eliminating key part of health care reform would lower number of Americans newly insured
A new RAND Corporation study concludes that eliminating a key part of health care reform that requires all Americans to have health insurance would sharply lower the number of people gaining coverage, but would not dramatically increase the cost of buying policies through new insurance exchanges...


Health Insurance 'Mandate' Deemed Best Value for Money
THURSDAY, Feb. 16 (HealthDay News) -- Doing away with the U.S. health care reform act's requirement that all Americans must have health insurance would not dramatically increase the cost of buying policies through new insurance exchanges, but would significantly reduce the number of people who get insurance, according to researchers...


Report: health reform law already yields savings - Wicked Local

Report: health reform law already yields savings
Wicked Local
By David Riley Towns and cities that have taken advantage of the state's months-old municipal health care reform law will save about $60 million in the first year, according to an analysis by a watchdog group that supported the measure.

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Health Insurance Reform a Tricky Issue in Brockton, Massachusetts
Due to ObamaCare, the landmark health insurance law passed early in Obama's presidency, many Americans are accustomed to thinking of health insurance as a...


Demographics Vary on Opinions of Health Insurance Reform .
Those impacts are borne out by a recent poll. According to the University of Iowa, their recent survey found that a slight majority of middle-aged respondents favor health insurance reform. The 35 to 54 age group includes the ...




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