Life Essentials Magazine - June 2017

9
GET A CATASTROPHIC
HEALTH COVERAGE
For those who can’t afford a regular,
comprehensive policy but still want
coverage for sudden accidents, injuries,
and life-threatening illnesses, catastrophic
health coverage can be a great option. This
kind of coverage is also good to add to an
overall health care plan as extra coverage
when there are extreme circumstances.
Opting for a catastrophic coverage requires
some research. You have to make sure
that the insurance will cover catastrophic
events that may affect you. If you purchase
catastrophic health insurance, be sure to
set up an account called: Health Savings
Account. You must then make regular
deposits. This will enable you to pay your
deductible in the event of a catastrophe.
KEEP A RECORD OF YOUR MEDICAL EXPENSES
Keep a record of your expenses for medical coverage if you are thinking of changing
your health insurance plan. Keep up with the amount you spend on out-of-pocket expenses,
deductibles, and coverage for every member of your family to ensure it fits within your budget.
Many factors are involved in health insurance, so you must be organized and prepared
when the time comes to select a policy. You’ll be able to more efficiently talk to providers
if you know exactly what you want. Maintain all pertinent documents. With more
organization, you’ll be able to talk to more providers and get exactly what you want.
18 | June 2017