There’s no telling when a catastrophe may strike. It’s often unexpected, disorienting, and frightening. Depending on your health insurance, it can mean a high deductible that makes your hardship that much worse. Learning to cope during a worst-case scenario hardship is a difficult concept and there are a few things to keep in mind if you’re going through a tough time.
Your Health Insurance Shouldn’t Work Against You
As a result of the Affordable Care Act, more people are insured than ever. However, even under the Affordable Care Act, many Americans still rely on catastrophic health insurance, which isn’t as comprehensive as it may sound. Catastrophic health insurance is a health plan that has a lower premium each month but only provides care for certain preventive services and emergency medical costs. The deductible is where this plan falters.
With catastrophic insurance plans, you will pay a monthly premium as well as costs for emergency services until you reach an out-of-pocket maximum. Preventive care is often highly covered by the insurance company including things like primary care visits. Depending on the type of plan, you may be able to find a catastrophic health insurance plan on the healthcare.gov marketplace. Healthcare.gov is an excellent resource in general if you’re doing research on catastrophic health insurance plans as it will provide definitive answers to common questions.
While catastrophic coverage is a high-deductible health plan, catastrophic insurance plans can be effective for policyholders that need essential health benefits coverage with low premiums and monthly payments. In the event of a catastrophe, the out-of-pocket costs may be higher, but these out-of-pocket costs should hopefully be offset by the lower payments.
In some cases, there are exemptions, like an affordability exemption or coinsurance exemption. Affordability exemptions and coinsurance exemptions work differently based on certain ACA standards so it’s important to do adequate research beforehand.
The type of coverage may vary from plan to plan. You’ll want to look into each health insurance plan to determine prescription drug coverage, vaccines, annual deductibles, and what the low monthly premium might look like. The preventive care services coverage is very attractive, but there may be a health insurance plan that fits you better, like a bronze plan or Medicaid depending on your age.
While a bronze plan or Medicaid might cost more from month-to-month, these insurance policies may provide better ACA coverage or come with tax credits. It’s up to you to determine whether catastrophe insurance is the right option.
Keep Your Faith Close
One of the things that helps many people through catastrophic times is the Bible. Relying on a favorite Bible verse can bring solace in difficult times. The Common English Bible, for example, is full of excellent Bible verses that can speak to every situation.
The Common English Bible is a mainstay leather Bible in many households with quality marginal references. It has helped many through difficulties like health care services issues, medical care problems, financial assistance difficulty, and even the death of a family member. While the Bible can’t fix every problem, there are times when it’s comforting to read a verse and reflect.
Dealing with difficult health situations can be overwhelming but it shouldn’t have to put your life on hold. By relying on your available resources and making smart health insurance decisions, you’re doing your best to ensure that you’re prepared for even the more trying scenarios that life throws your way.
I’m a 20-something stay-at-home mother and wife. I have an amazing husband, a beautiful daughter, two loving dogs, and a lazy cat. I wouldn’t change my life for anything! I love to read, listen to music, cook and blog!
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