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Thread: Catastrophic medical insurance

  1. #11
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Southern Dad View Post
    Catastrophic Healthcare Insurance prior to the PPACA was to only cover catastrophic healthcare. It wasn't meant to cover birth control, office visits, etc. When you say that you pay $2800 a year, is that the plan costs or your costs? In other words is it subsidized? Is it paid for by you and your employer with the $2.8k being your share?
    Yeah, the 2.8 is out of my pocket.

    I need to pay that before any insurance kicks in.

    Once I pay it though everything from top to bottom is covered.

    My employer also puts in money twice a month into a health savings account I can use for the deductible which accumulates so basically if you don't use it you will eventually have nothing but your monthly premium to pay for.

  2. #12
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    Quote Originally Posted by Libertine View Post
    The PPACA made catastrophic type medical care plans illegal.
    Libertine, the catastrophic insurance proposed is not part of any other insurance plan or the Affordable Care Act.

    Catastrophic insurance would “kick-in” when a patient’s annual medical expenses reach or exceed the legally defined catastrophic amount (that’s annually adjusted for inflation), within the past 365 consecutive days. The federal government will pay or refund to the payers, the medical expenses on behalf of the patient. The federal government will continue to pay the medical expenses on behalf of the patient for no less than 365 additional days and until those expenses do not exceed 15% of the catastrophic amount during the prior 365 days.

    Currently, almost the all otherwise unpaid individual’s ccatastrophic medical expenses are eventually of direct or indirect expenses to USA governments (and taxpayers).
    Currently, almost individual’s catastrophic medical expenses that are not paid by USA governments or by individuals, are paid by charities or medical insurance plans; which of course makes all, (commercial, non-profit, or governments’) insurance plans less affordable and increases the numbers of people that are not insured.

    Respectfully, Supposn

  3. #13
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    Catastrophic medical expenses and previous conditions:

    Catastrophic annual medical expenses on behalf of individual insured patients are of great cost to their medical insurance plans. Prohibiting effectively refusing applicants with undesirable medical conditions is also of great cost to a medical insurance plan. Catastrophic annual medical expenses are more likely to be encountered among patients that had undesirable medical conditions when they applied for insurance.

    Regardless if the Affordable Care Act does or does not survive, federal insurance of catastrophic medical expenditures on behalf of all individual patients that’s not of cost to any insurance plans would significantly increase the affordability and sustainability of all, (commercial, or non-profits’, or governments’) medical insurance plans.

    “On behalf of all patients” does not exclude USA legal residents that otherwise are not covered by any insurance. In the USA when legally obligated or charitable entities do not pay providers of medical goods and services, substantial amounts of those bills are directly or indirectly paid by our governments, (i.e. our taxpayers).

    Respectfully, Supposn

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