Catastrophic Health Insurance - A Money Saving Solution to High Health Insurance Costs
Catastrophic Health Insurance - A Money Saving Solution to High Health Insurance Costs
Catastrophic health insurance can be an excellent money-saving solution to high health insurance costs. Here's the "why" and "how" of it:
The Basic Idea
Catastrophic health insurance plans cover major, catastrophic expenses, but not the day-to-day expenses such as routine office visits. Because of this, they are much more affordable than traditional health plans that offer "bells and whistles."
Popularity
The idea of paying for the day-to-day stuff out of your own pocket and only insuring for major expenses became popular with the introduction of qualified high deductible health plans and health savings accounts in December of 2003. Ever since, with healthcare costs continually on the rise, they've become ever increasingly more popular.
More Benefits Than Monthly Savings
In addition to significantly lower premiums, many catastrophic health insurance plans offer tax benefits. In fact, it's possible to pay for most of your health, dental, and vision expenses with pre-tax money, giving you even additional savings.
Find a "Qualified" Plan
To make sure you have access to these valuable tax benefits, be certain that the plan you are considering is "qualified" by the IRS to be used with a health savings account. The plan must be qualified in order to reap the tax benefits and open an HSA (health savings account).
Who Can Benefit From These Plans?
Catastrophic health insurance plans work best for individuals or families who don't over-utilize their benefits, are relatively healthy with no chronic conditions, and don't have multiple expensive medications.
Take the Next Step
If you or your family fit the description above, I invite you to continue to explore this money-saving solution by learning more about catastrophic health insurance and requesting a free quote while you're there. Your paying for Health Insurance Reform buying affordable health insurance Is Not Hard - Here Is How To Save Money Now Individual Health Insurance Effects health claim insurance For Folks Buying a Affordable Health Care Insurance Plan Back Massage Alleviate Pain More Effectively Health Insurance - Shop For a Low Cost Health Insurance Provider Massage Therapy Alleviate Cramps Sooner The Cell Damage Caused by Ethanol May Be Alleviated by Silver Nanoparticles Respite Care - Just What the Doctor Ordered Neck Massage Alleviate Aches More Effectively Health Insurance Care Long Term – Clarifying Things Affordable health insurance rates - Three Ways To slash the cost of health cover