Catastrophic Health Insurance: Is it for you?

Catastrophic Health Insurance: Is it for you?

http://insureme.us/catastrophic-health-insurance-you/

catastrophic health insurance or high deductible health plans

HDHPs are a form of insurance with very low monthly rates.  It basically relies on high deductibles, so that you only need to pay a cheap amount per month for your coverage.  High deductibles only mean that you will have to have out-of-pocket expenses reach a certain amount before the insurance covers your treatment and care.  You are covered for most medical needs such as x-rays, doctor’s visits, and hospital confinement, but again you would have to reach your deductible before they do so.  This kind of plan also eliminates maternity and mental health care.  Companies mostly reject those with pre-existing illnesses, and this is one way of keeping their costs down.