

Understanding Medigap Plan G
If you are a Medicare beneficiary, you already know that the program comprises several plans, which provide different coverage options. Medicare Part A covers inpatient
Health Insurance
Catastrophic health insurance is a type of health coverage under the Affordable Care Act. It is only available to people under the age of 30 years or those who qualify for “hardship exemption.”
This health insurance policy is specifically designed to protect you or your loved one in a worst-case-scenario. If you run into an unexpected medical emergency, and your hospital bill runs into thousands or hundreds of thousands of dollars, a catastrophic policy may come in handy and save you from the financial burden.
While monthly premiums tend to be slightly lower, you are generally required to pay for your medical bills out-of-pocket until you finally hit the plan’s set annual deductible.
In most cases, catastrophic insurance will cover the same minimum health benefits as other health plans under the famous ObamaCare (Affordable Care Act). These services include emergency services, preventive care services, prescription drugs, and much more.
The only difference is that with the catastrophic plan, you will be required to pay for your health costs out-of-pocket until you meet a minimum annual deductible. Once you hit the expected minimum annual deductible figure, your insurance provider starts to pay for most covered healthcare services.
This low price insurance plan covers the following benefits even if you haven’t reached your annual deductible yet:
However, catastrophic insurance is quite different from critical illness, short-term, or accident plans; these types of plans tend to protect you (the policyholder) in particular and limited situations.
For instance, the critical illness cover will only protect you against specific health illnesses. On the other hand, catastrophic insurance plans cover the same essential healthcare benefits as any other major medical cover plan once you meet your annual deductible.
You must be below 30 years old or qualify for a hardship exemption to be eligible for catastrophic insurance. A hardship exemption means that you cannot afford the cost of regular healthcare insurance because you have declared bankruptcy or meet some other qualifying criteria. Other conditions that can make you qualify for hardship exemption include:
If you are a Medicare beneficiary, you already know that the program comprises several plans, which provide different coverage options. Medicare Part A covers inpatient
Most of us can agree that 2020 was an unusual year in many ways. If you are one of the Medicare beneficiaries in the country,
Understanding Medicare and what it covers is easier said than done. You get the “Medicare & You” handbook in your mail, and when you open
We have a team of dedicated and experienced insurance experts who work so hard to ensure you enjoy the insurance benefits you need based on your lifestyle and that you are getting value for your money from or insurance partner companies.