Should I get catastrophic health insurance?
Let’s face it. Not everybody can be that lucky. That’s why even when you don’t want to bother, or can’t afford, to pay monthly medical health insurance premiums, you have to come up with some sort of compromise. The kind of person that tends to get catastrophic health insurance, which has lower monthly costs but covers much less than regular health insurance plans, tends to be either in their twenties or between the age of fifty and sixty five. Younger insured tend towards catastrophic health insurance because they are often either employed by a company that does not offer medical health insurance coverage, or are self-employed.
As for the other group that tends to get catastrophic health insurance instead of the regular, they are usually past the time in life in which they go in for medical check ups and are instead more preoccupied with major things that can come with age, like heart attacks and strokes. They’re usually only go in for a check up when they need to, and would rather make that a rare visit than have to pay more money for health insurance payments.
Catastrophic health insurance can even be bought through your employer, although most people who get it do so on their own. People who have already retired like to get catastrophic health insurance plans during the time that they are waiting to be of age to be eligible for Medicare. If a company employs more than one thousand people, catastrophic health insurance will be among the plans that it offers, usually.
Catastrophic health insurance plans do avoid customers who already had a condition when they bought the plan. If you have a disease such as AIDS or cancer, you probably won’t be eligible for such a plan, because, obviously, if you have to go to the hospital it won’t really be a catastrophe–more like business as usual.
Cheers,
Fashun Guadarrama.