Catastrophic Health Insurance 2020
Short term health plans are sometimes known as catastrophic plans, since they are great at covering medical expenses in times of severe need. We want to show you how these plans can cover your medical expenses, why you might want to sign up for one and how you can save money on them.
What Do Catastrophic Plans Cover?
First of all, you need to realize there are two different kinds of catastrophic health insurance 2020 plans. There are the short term ones and the ones that require you to experience a hardship to qualify for them. We are going to talk about the first one primarily here, but for anyone who wants the second kind, they have to realize that they have to be under 30 to qualify in many instances.
For short term plans, however, you just need to be under 65. Short term plans do not necessarily cover any essential medical expenses for you. They can cover a variety of things, but they are not required under the Affordable Care Act to cover anything specific for you. They often provide targeted coverage that just takes care of one or two expenses at a time, so they can’t possibly cover a wide range of essential expenses.
Short term plans can cover healthcare costs like dental expenses, emergency medical care, urgent care, preventative treatment, medical tests, surgery and hospital supplies. Some of these may be considered essential medical services, but that doesn’t mean that any of the plans are used to provide that specific coverage. What you see with these plans is what you get. Expect them offer you only limited coverage and only for a limited time.
How limited is the term on this plans? Well, they start at one month and go up from there. Some of them will last for as long as 364 days, which makes them seem less like short term plans and more like a standard major medical plan. You can even renew your short term plan for up to three years. That may be necessary at times, if your situation doesn’t improve.
Who Needs Catastrophic Plans?
That brings us to a quick discussion about who will need these kinds of plans. Short term plans are designed to be quite limited. They don’t cover a lot or last a long time (in most cases), yet they can come in very useful.
Let’s look at a few scenarios where someone might need catastrophic healthcare coverage:
- If a person is recovering coverage from their employer but then has to switch jobs and may not receive coverage for a while.
- If a person is moving to a new state and won’t be covered during that time or in the new state by their current plan
- If a person wants to sign up for a major coverage plan but does not qualify yet
- If a person missed the signup or enrollment deadline for a major medical plan
- If a person is going through a financial crisis and cannot afford a major medical plan.
These are just a few instances where catastrophic health insurance for 2020 would come in handy, and if anything like that has happened to you, then you should consider signing up for one of these plans.
How to Keep Your Costs Low with These Plans
Now we want to show you a few ways you can sign up for a plan like this and not pay a whole lot of money. There are some expensive catastrophic coverage plans out there, and you can imagine some companies would want to take advantage of people who are in need and desperate for healthcare coverage. That’s unfortunate, but that is the reality of the situation.
So, one of the best ways to save money on a short term catastrophic coverage plan is to choose the right carrier. There are many of them that offer these kinds of plans, and some of them have some great deals. We want to point out a few of the best ones here.
Pivot Health is a fairly new insurance carrier, but they are also one of the cheapest. They have high quality plans with some decent benefits and some great customer service to back up their coverage, but yet their prices are very affordable.
National General Accident & Health is offering one of the widest ranges of plans available. They sell all sorts of short term medical insurance for any situation and for both individual and family needs.
United Healthcare is another major provider that has a lot to offer. They are the owners of AARP, which gives them even more to offer their customers than most insurers. One of the benefits of United Healthcare is their extensive network that allows them to provide coverage in more places than most of their competition.
Another great way to save money on short term catastrophic healthcare is to use our website. We offer a free and easy way to source your quotes, which means you can see what multiple insurers are charging for the plan that you want. You can find the rates for any short term plan and see how they compare to other insurers. It’s a quick and simple way to find the best deal and ensure that you are saving some money.
We can also help you by providing answers to your questions and helping you to make an informed decision. If a catastrophe has happened to you or you just need some extra coverage for little while, then consider short term insurance. It could make a huge difference and not cost a lot of money.
A number of people will be signing up for these plans for the coming year. Catastrophic health insurance 2020 is going to provide peace of mind and essential coverage for people all over the country. It offers the kinds of benefits that you can’t get with a major medical plan and at a fraction of the cost too.
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