Cost Sharing and Security for the Unexpected
When a sudden illness or a major accident happens, and those who lack sufficient healthcare 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 healthcare.
Ensuring you’re eligible for catastrophic events and major medical expenses
Much like traditional insurance, catastrophic healthcare has a Member Shared Responsibility Amount (MSRA), which is the amount that the member is required to pay before their eligible medical expenses would be processed for sharing. Once the MSRA has been met, catastrophic insurance cost shares 100% of the expenses (up to the annual limit) for the services listed below.
Catastrophic healthcare 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 healthcare for preventive care, prescriptions, ER and hospitalization. Catastrophic healthcare is designed to specifically cost share the major, unexpected events in life. Prescriptions, preventive care or regular office visits are not eligible for cost sharing.
Catastrophic healthcare makes sense
Not everybody needs, nor wants, full healthcare. For these, catastrophic healthcare 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 healthcare.
- The uninsured – For those who have no insurance and can’t afford the high premiums of a full healthcare plan, catastrophic healthcare makes sense. It cost shares the large expenses while providing a great safety net.
- The already insured – Those who already have full healthcare but want to eliminate the additional risk that comes with sudden illness or trauma can carry a catastrophic healthcare plan for a fuller, more complete healthcare.
Catastrophic healthcare is affordable
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 Trinity Healthshare’s catastrophic CarePlus Advantage plan, the worry about the major events of life can be eliminated.