Catastrophic Health Insurance Coverage, Quotes, Rates and Companies

Catastrophic health insurance coverage is a type of health insurance plan that provides insured protection against medical or health catastrophes but what are the top catastrophic health insurance quotes  and their rates ? The plans are also usually dubbed as high deductible plans because the plans have high deductibles to give way to low premiums. This generally means that all routine health care procedures and clinic visits are covered at a lower rate, but since the plan’s main focus is on health care catastrophes, preventive care expectedly takes a backseat. But in case a catastrophe occurs, the plan covers everything.

Catastrophic health insurance comes in two basic types. There’s supplemental and there’s comprehensive. As the terms imply, a supplemental plan is just a supplement to any other health insurance you may already have. If your existing plan does not have good coverage or does not include any coverage at all for catastrophic health conditions, then you are better off with a comprehensive catastrophic health plan.

Where to Go for Catastrophic Health Insurance Coverage

  • Blue Cross Blue Shield Catastrophic Plans Quotes
  • Assurant catastrophic plan
  • Anthem Medicare Supplement High Deductible Plan F

1. Blue Cross Blue Shield Catastrophic Plans Coverage

Blue Cross Blue Shield’s catastrophic health insurance plans have been around for a long time now. One of their offers is the Blue Saver plan. The Blue Saver plan is a catastrophic health plan characterized by a high deductible level. It is, however, even better than other catastrophic plan offers around because it can be used with an HSA or a health savings account. The same catastrophic coverage can be availed of by individuals as well as businesses and companies.

In case of a serious illness or injury, the Blue Saver plan can protect you from serious financial problems. Although it is characterized by a high deductible of $2500 for individuals and $5000 for a family, the low premiums and the overall benefits you pay are really great. You get coverage for inpatient and outpatient hospital services, well child care, emergency services, diagnostic services, medical equipment, and even prescription drugs.

2. Assurant catastrophic plan quotes

Assurant Health also offers a catastrophic health insurance plan from among its many offers. The catastrophic coverage offered by the company features a 3 million lifetime maximum limit. The plan is offered under a PPO network with a 25% deductible and discounts on generic and brand prescription drugs. Coverage includes office visits, out-of-network physicians and hospital care, periodic health and ob-gyn exams, well baby care, emergency room services, outpatient lab and x-ray, outpatient surgery, hospitalization, pre and post natal office visits, labor and delivery hospital stay, mental health care, and chiropractic care.

That’s certainly a lot of coverage.

3. Anthem Medicare Supplement High Deductible Plan F

Anthem health plans offer a special catastrophic health insurance plan with high deductibles as a Medicare supplement. This is to address a special yet common need. For members of Medicare who are not assured of their full protection due to the limits of Medicare health coverage, the Medicare Supplement catastrophic plan is definitely ideal. It offers comprehensive protection with a required annual deductible of $2000. The plan also allows members to choose their own doctors, specialists, and hospitals, so there are practically no downsides except for the high deductibles.

Is Catastrophic Health Insurance Companies Necessary for You?

It’s great to know that there are good catastrophic health insurance coverage options for you, but the harder question is, do you really need one? This type of health insurance requires a considerable investment, so the question is definitely not an easy one. Catastrophic health insurance is most ideal for self-employed people who are not covered by employer or group health coverage. It is also ideal for those who are fairly young, such as those who are in their 20s or 30s, and who do not have sufficient coverage. Sometimes, lifestyles also factor into the equation. Those who are between ages 50 and 65 can also benefit from a catastrophic coverage especially if they show risk of developing critical illnesses.

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