Coverage and Security for the Unexpected
When a sudden illness or a major accident happens, and those who lack sufficient health coverage can end up in real trouble. Even those who are generally healthy can still suffer from the unexpected. Rather than take the chance of being caught off guard, eliminate the stress of the unexpected by carrying catastrophic health coverage.
Ensuring you’re covered for catastrophic events and major medical expenses
Much like traditional insurance, catastrophic coverage has a “deductible” known as the member shared responsibility amount (MSRA). Once the MSRA has been met, catastrophic insurance covers 100% of the expenses (up to the annual limit) for the services listed below.
Catastrophic insurance plans are not the same as major medical plans
Major medical plans are required to meet the minimum standards of the Affordable Care Act (ACA) and provide coverage for preventive care, prescriptions, ER and hospitalization. Catastrophic health coverage is designed to specifically cover the major, unexpected events in life. It does not cover prescriptions, preventive care or regular office visits.
Catastrophic health coverage makes sense
Not everybody needs, nor wants, full healthcare coverage. For these, catastrophic coverage makes sense.
- The healthy – Those who tend to be healthy and don’t spend time at the doctor’s office are ideal candidates for catastrophic coverage.
- The uninsured – For those who have no insurance and can’t afford the high premiums of a full coverage plan, catastrophic health coverage makes sense. Its coverage for the large expenses also provides a great safety net.
- The already insured – Those who already have full coverage but want to eliminate the additional risk that comes with sudden illness or trauma can carry a catastrophic insurance plan for a fuller, more complete coverage.
Catastrophic coverage is affordable
Because Unity HealthShare isn’t traditional insurance, it’s premiums are much lower. As part of a healthcare sharing ministry, it is exempt from ACA penalties. The high MSRA keeps the premium low. For a single individual with an MSRA of $5,000, the monthly premium would be between $125 and $188.73 per month. If the MSRA was raised to $10,000, the premium would be between $104.17 and $157.27 per month.
Being uninsured does not have to be the norm. With Unity HealthShare’s catastrophic CarePlus Advantage plan, the worry about the major events of life can be eliminated.