What is Catastrophic Health Insurance and How Much Does it Cost?

Comparison between a traditional and a catastrophic plan

A Catastrophic Health Insurance is a policy that protects you from an unexpected serious health condition or illness and will offer you protection from unexpected medical costs. Such a plan requires you to cover your medical expenses up to a certain amount, known as a deductible. After you reach your deductible, costs incurred are paid for by the insurance company. An example is that you cover the medical costs of say the initial $2,000 of yearly expenses before the insurance coverage kicks in … [Read more...]