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To find the best catastrophic health insurance companies, we rated and reviewed insurers based on features like plan costs, third-party ratings, plan benefits, and more.
Catastrophic health insurance is a type of health insurance that is designed primarily to help pay for severe, high-cost medical emergencies rather than routine healthcare costs.
Quick Look: Best Catastrophic Health Insurance. Best for Member Support: Aetna; Best in Global Coverage: Cigna ; Best for Nationwide Coverage: Blue Cross Blue Shield
Catastrophic health insurance is a bare-bones health insurance plan that covers you if you're badly injured or very sick. A Catastrophic plan caps your medical and prescription costs at $9,450 for an individual in 2024.
Catastrophic health insurance offers basic health care coverage in exchange for a lower monthly premium than traditional health insurance. But with these savings come limitations. You must meet qualification requirements to apply for catastrophic coverage and coverage is lower than most other plans.
Catastrophic plans cover the same 10 essential health benefits as other Marketplace plans, including. preventive services. at no cost. They also cover at least 3 primary care visits per year before you've met your deductible. Get more details on what plans cover.
Catastrophic health insurance is a financial safety net in case you need major care, but it will also cover preventive care and a few office visits.
Catastrophic plans are required to cover at least three primary care visits before the deductible, and they have deductibles that are higher than the allowable limits for HDHPs (in 2024 the deductible and maximum out-of-pocket for a catastrophic plan is $9,450).
For those people, catastrophic insurance can guard against crushing medical bills for medical emergencies while also covering the essential benefits required of all ACA-qualified health plans (QHPs), such as checkups, vaccinations, and some forms of birth control.
ACA plan, Medicaid, CHIP (Child healthcare insurance plan) and short-term health plan are alternatives to the catastrophic health insurance you can also look into. How much does catastrophic health plans cost? The average cost of a catastrophic health plan in 2020 is $195.