Catastrophic or Basic plan

A Health Insurance Plan with a High Deductible, and usually no Copays.  The plan is not designed to cover the "every day medical expenses", but it is designed to protect the insured from a catastrophic loss, due to large claims.  They commonly have Deductibles of $2,500, or $5,000, or more.  The premium is lower for this type of plan.  If you are interested in this type of plan, you should consider an HSA (Health Savings Account).

Explanation of HSA's (Health Savings Account)

Last updated 2/2/2007