You can find the cheapest catastrophic health insurance policies on our website. Although it’s difficult to pinpoint who is truly the “top” catastrophic health insurer, all of the large providers offer very affordable high deductible plans. Depending on where you live, rates could be quite different. So it’s important to compare premiums of many carriers instead of just one or two. Also, the insurance you’re considering should be considered “credible” coverage and not a policy from an unrecognized company. Most of the well-known carriers offer cheap options.
High Deductible Options
High-deducible plans reduces your overall cost for medical care by providing coverage for most large expenses, such as hospital visits, ER room charges, anesthesia, semi-private room charges, hospital fees, professional fees of health care providers, and drugs administered in the hospital. Most policies provide preventive benefits that do not require you to meet a deductible, waiting period or copay. In fact, due to recent changes in the law, many women’s preventive benefits have been added including birth control.
In 2013, more extensive birth control coverage has been added along with a few other changes. And in 2014, the US will utilize state Exchanges that will allow consumers purchase coverage without evidence of being insurable. Be sure to constantly check our website for updates including free tax-credit calculators that determine what tax relief you may receive.
Our specialty is finding affordable medical plans, so we take the time to investigate the most reputable companies. The rates on our website are the most competitive found online or published. You can easily view your personal options by completing our free quote request form. Most carriers offer a simple application process and physicals are rarely required. There are no costs to apply for a conventional policy and the approval time is usually less than 14 days. If medical records are needed, the process does take longer.
Golden Rule Plan
One of the top major medical policies available is the “Saver 80” plan through UnitedHealthOne. Recognized as one of the most affordable policies in the nation, this plan offers deductible choices of $500 to $10,000 in most states. There is no lifetime maximum limit (resulting from national health care reform) and deductibles are limited to two per family per year. A prescription discount card is included to help reduce the cost of medications.
Although office visits are not covered, the savings in premium should be more than enough to offset the missing coverage. For example, although you would be responsible for paying most office visit, specialist and drug expenses, if you are saving a few thousand dollars per year in premiums, that should be enough to offset the missing benefits.
Short term health insurance coverage provides extremely inexpensive temporary medical benefits. This type of policy is often used if your need for coverage is less than 12 months. Premiums are substantially less than traditional health care plans and policies are often approved within a few days. Sometimes, it’s only a few hours. Notification can be easily emailed so you know the decision as quickly as possible.
Although pre-existing conditions are not covered, short-term plans are popular if you are not working, between jobs, a student that just completed school, or waiting for Medicare coverage to begin. Most of the top insurance companies offer these types of options to their policyholders. Usually, you can renew a policy one time before having to find another carrier.
Most Blue Cross companies feature a catastrophic plan with low rates and high deductible options. Some of these Blue Cross policies will be classified as “High Deductible Health Plans” (HDHP) and will be eligible for HSA coverage. Typically, HSA plans provide a much broader coverage once the deductible has been met. Often, the policy pays 100% of all covered medical expenses, with virtually no out-of-pocket expense. Each state has different Blue Cross plans and we’ll be happy to review which plan in your state offers the coverage you need, but at a cost you can pay.