Is a Catastrophic Insurance Plan Right for You?
There is no standard book answer for this question. Every person needs to decide at a given point in time what
works best for them. And needs may vary over a lifetime. For instance, in college a person may feel significantly
health and just need coverage in case of an accident or serious illness. Then, 15 years later with a family,
comprehensive regular coverage is the only way to go.
There are a number of criteria to consider that may make a catastrophic plan worthwhile:
Do you need to save money on coverage?
Are your medical needs fairly limited to just major medical care only for potential injuries, but you are
Are you only looking for coverage for yourself and no dependents?
Do you primarily rely on self-medication techniques?
Are you comfortable with using pay-as-you-go medical clinics and similar for small medical needs?
Do visit the doctor very infrequently or almost not at all in a given year?
If you’re answering “yes” to all or most of these
questions, then catastrophic insurance may be the
way to go for your needs.
It is always a good idea to sit down or speak with a
licensed insurance agent and discuss all the
available options before making a final decision.