What Is a Catastrophic Health Insurance Plan?

Life isn’t always predictable. You could be in the best of health today and experience a significant health event tomorrow. That’s why it’s essential to have health insurance that will cover you in an emergency. If you live in Goldsboro, NC, Wayne Realty & Insurance Co Inc. will help you compare different plans, including a catastrophic policy.

What Is a Catastrophic Health Insurance Plan?

A catastrophic health insurance plan is a type of health insurance that provides coverage for medical expenses related to accidents or illnesses that are considered life-threatening. Catastrophic health insurance plans typically have high deductibles. You’d have to pay for most of your medical expenses before your insurance would kick in.

If you are considering a catastrophic health insurance plan, there are a few things to keep in mind:

  • Ensure your plan meets the minimum requirements for coverage under the Affordable Care Act (ACA). 
  • Decide how much coverage you need and whether you want additional benefits such as prescription drugs or mental health coverage. 
  • Compare the costs of different plans to find one that fits your budget.
  • Review the plan’s terms and conditions to ensure you understand what is covered and what is not.

Catastrophic health insurance plans can help care for high medical costs if you experience a significant health crisis. However, short-term health insurance might be an option if you’re healthy and don’t think you need major medical coverage. But it’s good to be safe than sorry.

Wayne Realty & Insurance Co Inc. can help you weigh your options and find the perfect health insurance plan for you and your family. If you’re in Goldsboro, NC, give us a call today!