Catastrophic Insurance: Catastrophic Health Plan
Avg. premium: $250/mo | Deductible: $9,200
What Is Catastrophic Insurance?
Catastrophic plans offer the lowest premiums and are designed to protect against worst-case scenarios. Available to people under 30 or those with hardship/affordability exemptions.
Monthly Premium
$250
Deductible
$9,200
Copay
Full cost until deductible met
Flexibility
Medium
Who Is Catastrophic Best For?
Healthy adults under 30 who want minimal coverage as a safety net against major medical events.
Pros and Cons
Advantages
- Lowest possible premiums
- Covers 3 primary care visits before deductible
- Covers preventive care at no cost
- Protection against major medical bills
- Available on the marketplace
Disadvantages
- Very high deductible ($9,200+)
- You pay full cost for most care
- Only available to under-30 or with exemption
- No family plans
- Not eligible for premium tax credits
Key Features
Referrals RequiredNo
Out-of-Network CoverageNo (except emergencies)
Network FlexibilityMedium