Comments on: Why Young Adults Should NOT Choose Catastrophic Health Insurance Plans

By: Ti_Michou

Ti_Michou — Sat, 02 Jan 2016 04:19:48 +0000

I know this was posted way back when but it came across my search when I was trying to figure out if I should get a Catastrophic plan vs the Bronze high deductible plans. I make too much for subsidies and I rarely see my MD besides my annual visits (maybe an ear infection here or there at the most). The deductibles were practically the same for both kinds of plans that were presented to me so on one hand the catastrophic plan would be best for my situation (to me) but on the other I’d like the extra cushion just in case.

By: Ugifter

Ugifter — Tue, 28 Jan 2014 02:12:33 +0000

I love how they’re even called “Catastrophic Plan” right in the name. #not

By: Our Fine Adventure

Our Fine Adventure — Mon, 27 Jan 2014 03:08:03 +0000

My wife has lupus, so a catastrophic plan is pretty well out of the question for us, because we know she will have certain medical bills every year (semi-annual check-ups with her doctor, blood work multiple times a year, prescriptions, etc). However, if I ever need to get health insurance (currently just covered through my work), this post will be a good reference!

By: DC @ Young Adult Money

DC @ Young Adult Money — Sun, 26 Jan 2014 18:05:14 +0000

In reply to Eyesonthedollar. Eyesonthedollar I think we're on the same page here. I'm advocating in this post that if you are tight on cash you should consider an option other than catastrophic health insurance.

By: DC @ Young Adult Money

DC @ Young Adult Money — Sun, 26 Jan 2014 18:04:01 +0000

In reply to moneycone. moneycone When did I say catastrophic health insurance is worse than getting turned down due to 'pre-existing conditions'?

By: moneycone

moneycone — Sun, 26 Jan 2014 14:15:34 +0000

It is called insurance! Better having that option than getting turned down due to ‘pre existing conditions’!

By: Eyesonthedollar

Eyesonthedollar — Fri, 24 Jan 2014 13:40:15 +0000

Personally, I would rather have a high deductible and pay less in premiums, but I know my $10,000 deductible isn’t going to make me go broke. If it would, then I’d go for a lower one. To get good coverage with any deductible under $3000, we’d be paying $500 a month or more, so still $6000 a year anyway. I’d rather take my chances on being healthy and keeping my money. I do know that I’ll be paying if one of us gets sick or hurt. Sadly, though, I don’t fall into the young demographic anymore and I don’t qualify for a subsidy. If you do take it for sure.