High deductible health insurance plans, which are also called major medical plans or catastrophic health insurance plans, are designed to protect you in the unfortunate event of a medical emergency. Why Purchase Catastrophic Health Insurance Plans? Let’s face it, times are tough. Many of us can’t afford regular health insurance premiums, which can range anywhere [...]
In an economy where every penny counts, more and more people are looking to cut costs that do not seem to provide an immediate benefit to their household. Unfortunately, standard health insurance is one of the first things to go. Unless you have a really great employer, paying for traditional medical coverage is outrageously expensive. [...]
No matter how well we plan or how careful we are, sometimes things in life happen that we simply were not expecting. No matter how well you try to plan or set aside savings for an emergency, just one medical emergency can wipe out the finances of even a well prepared, financially stable family. Catastrophic [...]
Catastrophic health insurance plans, which were once known as High Deductible Health Plans (HDHPs), were originally created for individuals and groups who were looking for a way to lower their overall medical costs. The way the plans work is by providing a much more budget friendly monthly premium in exchange for a higher yearly deductible. [...]