Talk to an Agent

(844) 499-7575
TrustedChoice.com
  • Why Go Independent
  • Auto
    • Car Insurance
    • Commercial Vehicle Insurance
    • Motorcycle Insurance
  • Home
    • Homeowners Insurance
    • Renters Insurance
    • Landlord Insurance
    • Condo Insurance
    • Mobile Home Insurance
    • Catastrophe Insurance
    • Umbrella Insurance
  • Life
    • Life Insurance
    • Term Life Insurance
    • Permanent Life Insurance
  • Business
    • Business Insurance
    • Small Business Insurance
    • Professional Liability Insurance
  • Find an Independent Agent

Talk to an Agent

(844) 499-7575
Find an Agent

Ask an Agent

What is Catastrophic Insurance?

Marty Agather
Hurricane Katrina was one of the most expensive disasters in U.S. history.


Question


What is catastrophic insurance?

What type of insurance is it? What does it cover?

Answer


Answered on 1/27/15 by Marty Agather

In typical use, catastrophic insurance refers to a major medical policy or health insurance policy. It is in contrast with more traditional policies that cover a wider range of services, since it is only really intended to protect you financially in the event of a true health emergency.

You will find that most major medical insurance companies offer plans that cover catastrophic circumstances, like hospital stays and large medical expenses. You may also hear this plan referred to as a “hospital-only” plan or short term major medical insurance. Some catastrophic insurance plans may not provide prescription drug coverage, preventive care coverage, or immunizations.

These policies may be less expensive to purchase because they have higher deductibles. Until your deductible is met, you’re responsible for medical costs not covered in your policy, so it’s important to take that into consideration when comparing catastrophic health insurance quotes.

Find a Recommended Agent

Categories

  • Buying a House
  • Buying a Car
  • Finance
  • Pets
  • Starting a Business
  • Ask an Agent
  • Moving
Must Read
Insurance Agents - Paul Martin
Does Car Insurance Cover My Engine - Ask an Expert
August 25, 2019
FAQ: Are Gas Leaks Covered under Homeowners Insurance?
August 18, 2019

Now, who's ready to get their insurance problems solved?

Find an Agent
TrustedChoice.com

Talk to an Agent

(844) 499-7575
Contact Us

Get Insured

  • Request a Quote
  • Our Agent Directory

Shop Insurance

  • Car Insurance
  • Homeowners Insurance
  • Life Insurance
  • Renters Insurance
  • Business Insurance
  • Workers Compensation Insurance 

Learn Insurance

  • Local Insurance Guides
  • Insurance Blog
  • Disaster Planning
  • Safety Tips

About Us

  • Why an Independent Agent?
  • Our Insurance Partners
  • TrustedChoice.com Reviews
  • Our Editorial Guidelines
  • How We Make Money

Partner With Us

For Independent Agents
  • Become a Recommended Agent
  • Log In to Manage Your Profile
  • Learn with Agency Nation
For Insurance Carriers
  • Partner with Independent Agents
Copyright © 2019, Consumer Agent Portal, LLC.
All rights reserved.
Privacy Policy Terms of Use Top Categories

This information is designed to help you with your decision-making, and it is not intended to provide advice. Contact a local independent agent in the Trusted Choice network today for assistance concerning the insurance options that are available to you.