Insurance Center

Catastrophic Health Insurance policies meet the specific needs against calamities. Basically these plans are of two types: comprehensive type and supplement plans. The Comprehensive Catastrophic Health Insurance mostly covers the conventional health care and health care services in emergency like cost of ambulance whereas the Supplement Insurance Cover takes care of requirements such as psychiatric treatment and nursing care etc.

Under both these insurance covers, after the deductibles are paid, the entire responsibility of the major portion of the medical expenses of the insurer’s treatment is borne by the insurance provider.

Advantages and Disadvantages: The Catastrophic Health Insurance is most useful in case of calamity as it will compensate for the largest amount of medical expenditure that you may face in your entire life. The advantage of this insurance cover is that it has a low premium compared to the conventional health insurance policy as it will not compensate the relatively minor expenses of doctors’ consultation fees.

If you are in reasonably good health and are not dependent on the support prescription medicines, Catastrophic Health Insurance is best for you to save the money on your health insurance cover. In addition, if you are diagnosed with any acute disorder and can afford some increase in the insurance premium, Catastrophic Health Insurance is the best choice you can have.