subject: Major Medical Health Insurance Spares Anyone from Financial Catastrophe [print this page] Major Medical Health Insurance Spares Anyone from Financial Catastrophe
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 coverage on the professional fees of doctors, private nurses as well as the purchase or hospital rental of medical appliances. However, there are times that the coverage being offered does not come with coverage of prescription drugs and medicines as well as routine doctor visits. That's why most insurance agent sell this type of plan in combination with a comprehensive health plan which has coverage for preventive care.
The best candidates for such insurance plan are the young adults who are in their 20's as well as adults that are between the age range 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 health 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 health insurance plan.
Coverage for certain treatments like hormone therapy, dental, vision, infertility treatment, or cosmetic surgery is usually not covered under such health insurance plan. It is also important to take note that the presence of certain pre-existing conditions such as AIDS, emphysema, diabetes, multiple sclerosis, schizophrenia, and heart disease are just some of the examples of medical conditions that would disqualify an individual from getting major medical health insurance.
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