A Catastrophic Health Insurance Idea
You need to make sure you have a good idea of what you’re getting into in regards to catastrophic health insurance. There are so many dangers in this world and being covered for whatever may happen is something that you need to consider. No, you don’t need to go on a show liked Fear Factor to get this kind of insurance, you need to simply be honest with yourself and your family, and get a peace of mind that that is not going to come without a price.
That’s not to intimidate you into getting more coverage than you need, it’s simply something that you need to consider in regards to your health coverage and the coverage of your family. You don’t want to get buried by the costs of health insurance, so don’t let it happen.
Explaining What Catastrophic Health Insurance is All About
Catastrophic health insurance is a kind of medical insurance which pays for major hospital expenses but not prescription drugs, maternity care, and visits to the doctor. Most plans under this insurance type cover expenses like surgeries, hospitalization, X-ray, intensive care, and other similar hospitalization expenses.
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New Health Insurance Bill Introduced To Help Cover Catastrophic Medical Costs
Senators Gordon Smith (R-Ore.) and Ron Wyden (D-Ore.) recently introduced a bill (S 3701) at the national level that would create several pilot programs allowing states, including Texas, to offer uninsured residents health plans that provide basic coverage paired with catastrophic coverage for individuals who have high out-of-pocket health costs.
The bill would establish six pilot projects, for which states could apply through the Health and Human Services Department. At least two projects would create a “hybrid” health insurance plan that would combine primary and preventive care coverage with high-deductible catastrophic coverage.