Catastrophic Insurance

Catastrophic insurance is a type of health insurance designed to protect you from very high costs in case of major health emergencies. It typically has low monthly premiums but high deductibles, meaning you pay out-of-pocket for most routine care until you reach a certain amount. After that, the insurance covers a significant portion of your expenses. This plan is ideal for young, healthy individuals who want to safeguard themselves against severe accidents or illnesses without paying for comprehensive coverage that they may not need regularly. It usually covers essential health benefits once the deductible is met.