What Is Catastrophic Health Insurance?

​Would you like to save money despite dealing with several health conditions? If the answer is yes, then this article is for you. We will give you options for saving money while still getting treatment as regularly as possible.

Definition of Terms 
The answer to your problem might be Catastrophic Health Insurance. However, before we discuss the benefits of this particular policy, we should first define what it means. This policy refers to a specific kind of insurance with lower premiums than the standard health plan.

In fact, the clincher is that it also has high deductibles. This means that if your insurance company only pays for most of the medical expenses minus the deductibles, the catastrophic Health Insurance will cover the rest of it.

It includes any surgeries or procedures you may have to go through in the hospital. Also, it covers hospitalization.

This also means that if you have the hospital bills of around $46,000, and your catastrophic health plan may cover at least $8000 in deductibles, you will be able to pay for only an estimated $36,000 out of your full hospital bill.

Other Points Included in the Health Plan
Catastrophic Health Insurance may also cover basic health gear and free vaccinations, health screenings, and annual checkups. You will also be able to get at least three free primary care visits annually.

Who Can Qualify For Catastrophic Health Plans?
You will qualify for this particular plan if you pass the following criteria.

• 30 years or younger
• If you qualify for a hardship exemption (a victim of domestic violence, bankruptcy, or medical expenses that haven't been paid in full because of lack of funds)

Are Catastrophic Health Insurance Plans For You?
This may be a good fit for you if you want protection from additional medical expenses in an emergency. It will also help you out if you don't qualify for government subsidies or benefits such as Medicaid.

You may also be able to utilize this plan even if you do not need to go to the doctor too often. Aside from this, if you can afford to pay for your deductibles, it will also be a great fit for you.

The Closing Statement
With these pointers and advantages, you should apply for catastrophic Health Insurance as soon as possible. It will take care of your expenses for your medical needs even at a young age.

At Hyde Insurance Group, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (888) 345-1215. You can also request a free quote by CLICKING HERE. The coverage discussed in this article is not guaranteed. Please call our agents, we are happy to help you learn more about your plan and make sure you have the coverage you need.