Finding Catastrophic Health Insurance Quotes Online
Finding catastrophic health insurance quotes online is not all that dissimilar to finding any other type of insurance quote online. There are a few comparison type websites that users may utilize to get approximate quotes from several companies, or users may choose to get their quotes one by one by visiting various catastrophic health insurance providers’ websites. Since this type of insurance by definition is somewhat specialized, it may be better, although more time consuming, to investigate quotes one company at a time.
Check the Legitimacy of the Company
In order to minimize the amount of time spent filling out quote forms and waiting for agents to get back with the inquirer, it may help to first search for the top catastrophic health insurance coverage companies online and then visit these sites first. One should also research each company for any flags to avoid deception or fraud. A good place to check for this information is the Better Business Bureau and online forums discussing other people’s real life experiences with each company.
Check the Stability of the Company
Another thing that is important to consider when choosing a catastrophic health insurance policy is the financial stability of the company. Since the point of this type of insurance is to cover very large medical expenses, this investigation is likely more important here than with any other type of coverage. One would certainly not want to be faced with a bankrupt company when a sudden health care bill in excess of a couple of hundred thousand dollars arises. Financial stability can be checked quite easily at AM Best or Standard & Poors.
Choose the Right Amount of Coverage
Catastrophic health insurance coverage can vary wildly depending on a number of factors. It is therefore very important to be sure of the exact circumstances under which the policy will offer benefits, and which circumstances are excluded. Most catastrophic health insurance companies will not cover medical expenses that incur due to preexisting conditions such as diabetes, cancer, and AIDS. Others will provide coverage, but only after a set waiting period.
Typical benefits range from as little as one million dollars to as much as twenty five million dollars. Once the lifetime maximum has been exhausted, the policy will be voided and no further benefits will be awarded. This type of insurance is considered major medical, and most policies will not cover basic every day health care expenses such as doctor’s visits and prescription costs. People with a true health insurance policy may have catastrophic coverage built in to their regular policy that does cover these basic expenses. It is a good idea to check to see if one is already covered before seeking out catastrophic health insurance quotes.
It is important when reviewing catastrophic health insurance quotes to ask any questions that may arise whether they are about the coverage itself, the benefits, the deductible, or the required premiums. Finding out the answers to these questions sooner rather than later will help to ensure that one does not end up purchasing a policy that will be of very little use to them.