Major medical health insurance, or the catastrophic plan, as some insurance agents call it, saves you from the catastrophe of paying high medical bills just in case you need medical attention, whether it incurs inside or outside of the hospital. This health insurance plan is a good option for consumers who do not want to pay for some part of the insurance coverage that they believe they don’t really need. Low monthly premiums or payments and high deductibles are what this health insurance plan is all about. It comes with certain limitations or restrictions, but such policies usually cover coverage for health care in cases of extreme illness that require a huge amount of money, including the hospitalization.
Most major medical health insurance offers coverage on certain expenses such as surgeries, intensive care, lab tests, diagnostics, x-rays, and hospital stays, but may come with certain limits on room and board. Most of them also offer professional medical expenses for doctors, private nurses and the purchase or lease of hospital medical equipment. However, there are times when the coverage offered does not come with coverage of prescription drugs and medicines as well as regular doctor visits. That’s why most insurance agents sell this type of plan in combination with a comprehensive health plan that has coverage for preventative care.
The best candidates for the insurance plan are young adults in their 20s and adults between the ages of 50-65. Why them? Because most young adults at that age usually don’t have a health insurance being offered by their employers or possibly because they are self-employed or are still studying and do not have a job. On the other hand, older adults that belong to the 50-65 age range are either up for retirement ad would lost their insurance coverage from their employers. Some older adults who go for major medical health insurance also take into consideration the possible financial loss when they fall into critical illnesses which are not covered by their current insurance plan.
Coverage for certain treatments like hormone therapy, dental, vision, infertility treatment, or cosmetic surgery is usually not covered under such insurance plan. It is also important to note that the presence of certain pre-existing conditions such as AIDS, emphysema, diabetes, multiple sclerosis, schizophrenia, and heart disease are just a few examples of medical conditions that will disqualify a person from getting primary medical care. Health Insurance.