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Share your insurance ideas and expertise. Respond to questions and comments real estate articles [2010-07-24] ... Your can also negotiate with you mortgage lender to eliminate the PMI. This can be done after a period of about 5 yrs. You will have to call your lender and ask about the possibility Reply

Catastrophic Health Insurance

t">Catastrophic Health Insurance Page.

Want to know the secret to having quality coverage at an affordable price?

"Everyday" Benefits Come at a High Cost

Many Americans are stuck in the trap of paying for coverage that has benefits for everyday expenses like office visits, prescriptions, and minor accidents. Unfortunately these policies have high premiums, and in turn, double digit annual rate increases. These policies cause two large problems;

  1. People overuse their benefits because they feel they deserve them, due to the premiums they have paid the insurance company.
  2. Insurance companies pay high reimbursement fees to providers in order to compete. Doctors, hospitals, and care centers accept much lower payments if you are a cash paying patient.
Both of these things largely affect the rapid increase in your health insurance premiums. The answer? Pay in cash and don't overuse your benefits. Of course most people don't want to pay in cash for everything. So it's important to have catastrophic health insurance coverage for the major expenses. Luckily catastrophic plans don't cost much.

Trading in your high cost "bells and whistles" insurance plan for a catastrophic plan, with a higher deductible, helps you in many ways:

  1. It allows you to negotiate lower cash prices for many medical services.
  2. It motivates people to use their coverage only as much as they need it.
  3. It makes consumers question what test their doctor is recommending.
  4. It makes consumers question why a doctor is prescribing a brand name prescription rather than the much more affordable generic.
  5. It allows consumers to pay for most of their medical, dental, and vision expenses with pretax money. This only works if your health plan is a "qualified high deductible health plan" that allows you to open a health savings account.
All of these things lead to much lower costs for the individuals and families in your "health insurance group." On top of lower premiums, your annual rate increases for catastrophic plans are much lower than traditional plans, because the percentage increases are based on lower premiums to begin with.

It makes sense to do a comparison between your current plan and a catastrophic health insurance plan, to find out if it's a more affordable option for you or your family.

Get free tips on how to find catastrophic health insurance by visiting my

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RECENT COMMENTS

real estate articles
2010-07-24
Your can also negotiate with you mortgage lender to eliminate the PMI. This can be done after a period of about 5 yrs. You will have to call your lender and ask about the possibility insure
all insurance coverage
2010-06-18
Barbara, sorry to hear that. You should call Mutual of Omaha directly: (800) 228-7104. Also call the North Carolina state's insurance office: CONSUMER HELPLINE: 1-800-546-5664 y) or (919)807-6750 insure
Barbara Howland
2010-06-15
My husband and I enrolled in the mutual of omaha medicare supplementary plan N May 16th. We have not hear from the company as of June 15th. Please contact us. The company that sighned us is in another state and they are no help to us in this matter. Please contact us by email. This is putting us in a bind about changing over to Mutual of O and leaving our present company. The company was in South Carolina and we live in NC. insure

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