Catastrophic Health Insurance Explained

LAS VEGAS - Dec. 26, 2024 - PRLog -- If you have a tight budget and are researching affordable health insurance options, you have likely come across catastrophic health insurance. These policies have low monthly payments, making them an attractive option for budget-savvy shoppers, but they are not good options for everyone.

What Is Catastrophic Health Insurance?

Catastrophic health insurance is a health insurance plan with a high deductible and low monthly premiums. These plans are primarily intended for young adults under age 30 who are less likely to experience an unexpected event. For those over age 30, catastrophic health insurance is available, but those who want this coverage must qualify for a hardship exemption.

Like major medical health insurance plans, catastrophic health insurance covers the 10 essential health benefits outlined in the Affordable Care Act. However, if you have this type of plan, your out-of-pocket costs for services are considerably higher than with regular health insurance. These plans typically have high deductibles, which is the amount that you must pay for any services you receive before coverage kicks in. For example, with a $8,550 deductible, your health insurance will not cover services such as lab tests, hospital stays or emergency care until you pay $8,550 out of pocket for medical care. Of course, you'll be extended their network pricing which is tremendous help which lowers the bill substantially.

Depending on your health insurance plan, some services may be covered under catastrophic insurance even before you meet your deductible. In most cases, policyholders are covered for three primary care visits per year and free preventative services such as immunizations and certain screenings.​

Read the full article: https://www.nevadainsuranceenrollment.com/health/catastro...

Learn more: https://www.nevadainsuranceenrollment.com/health-insurance/

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com