Catastrophic Health Insurance 2019 Wiki | Cost | Plans | Coverage

Catastrophic Health Insurance 2019 Wiki | Cost | Plans | Coverage: Hello Folks in this article I’m going to talk about Catastrophic Health Insurance.

So, If you are planning or looking for Catastrophic 

Catastrophic Health Insurance is a plan that provides bare-bones Insurance Coverage for low monthly premiums. To know more read ahead Catastrophic Health Insurance 2019 Wiki | Cost | Plans | Coverage.

Catastrophic Health Insurance 2019 Wiki | Cost | Plans | Coverage

What is Catastrophic Health Insurance? | Wiki


Catastrophic Health Insurance also known as High Deductible plans are a type of Health Insurance plans covered under the Affordable Care Act.

This plan is for people under 30 or the people who qualify for Hardship exemptions(given below).

This plans can be offered can be offered by private or non-profit Health insurance providers, and they pay only once the patient has met his or her annual deductible.

Catastrophic Health Insurance is designed to save you from the bad days.

For Example, If you get into any medical emergency and your medical costs Total thousands of dollars. Monthly generally tends to be lower but you’ll need to pay all the health care cost out of your pocket until you reach the plan annual deductible, which is usually at least a couple thousand dollars.

 

Catastrophic Health Insurance 2019 Plans

I have already told you about This plan is for people under 30 or the people who qualify for Hardship exemptions.

But, if you 30 years old don’t worry you can still enroll for Catastrophic plan 2019.

You must claim a hardship exemption to qualify.

  1. If you are  under 30 years age you can enroll the Catastrophic Health Plan whether you have an exemption or not
  2. If you are above 30 years you can enroll the Catastrophic Health Plan but you Qualify Hardship exemption.
  3. If you are 30 years or above you need to a hardship exemption application and then you will get an exemption certificate number.
  4. The marketplace will then provide the list of companies list Catastrophic Health plans in your area.

You can download the hardship exemption form from here.

Given Below is the list of Hardship exemptions

Note: I have prepared this list from my sources. There may be an error for so don’t take this info for granted.

  1. You were Homeless
  2. You were evicted 
  3. You received a short off notice from a utility company
  4. You experienced domestic violence
  5. Family Member death
  6. You experienced damage due to the act of god
  7. You filed for bankruptcy
  8. You are too poor to pay your medical expenses
  9. You experienced an increase in necessary expenses for caring ill etc.
  10. You were determined ineligible for Medicaid because you didn’t expand eligibility for Medicaid in 2019 under the Affordable Care Act.

Source: healthcare.gov

What Types of Catastrophic Health Insurance Coverage are available?

Catastrophic Health Insurance varies from plan to plans but includes the following in general:

  • Critical Illness Insurance: This plan pays you the lump sum if you are critically ill or diagnosed with disease Cancer, Mesothelioma.
  • Accident Insurance: This plan gives you cash payout in the case of covered accidents.
  • Fixed benefit indemnity Insurance: This plan gives you cash payout if you suffer specific illness covered by your policy.

Cost

According to the reports of ehealth Insurance, Catastrophic plans costs the average premium of $173 with average deductible $7148.

Given Below is the Summary of the article for your better understanding:

  • Catastrophic Health Insurance also known as High Deductible plans are a type of Health Insurance plans covered under the Affordable Care Act.
  • Catastrophic Health Insurance is designed to save you from the bad days.
  • This plan is for people under 30 or the people who qualify for Hardship exemptions.
  • If you are above 30 years you can enroll the Catastrophic Health Plan but you Qualify Hardship exemption.
  • If you are 30 years or above you need to a hardship exemption application and then you will get an exemption certificate number.
  • According to the reports of ehealth Insurance, Catastrophic plans costs the average premium of $173 with average deductible $7148.

Winding up:

I hope this article was helpful to you please share if found this helpful and thanks for coming 🙂

 

 

 

Subham Sahuwala

Hello, Everyone, I am Subham and I am an Online Entrepreneur & Blogger Since 2015. I did have a Keen Interest in Finance Industry. So I decided to write Blog for you and I hope you'll are loving it. If you've any questions you can ask me at [email protected]

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