Health insurance is a significant expense for many Americans, and not everyone is able to afford coverage that is offered by Bronze, Silver, Gold, and Platinum plans. Catastrophic plans allow for lower-income individuals and families to retain coverage via Major Medical Insurance in an affordable manner.
Catastrophic plans are also a helpful option for individuals under 30 who make infrequent use of medical services but still want a safety net for worst-case situations. Although deductibles are high in catastrophic health insurance plans, the costs associated with the deductible are still relatively low compared to the potential expenses incurred by unexpected major accidents or health conditions in uninsured patients.
Additionally, Catastrophic health plans cover essential health benefits, including preventative services like health screenings, most vaccinations, and up to three primary care visits annually, even if a yearly deductible hasn’t been met yet, helping to extend preventative healthcare services to more patients.