Health Insurance and Benefits Library . . .
Catastrophic Health Insurance
Catastrophic health insurance policies (also called "Major Medical" insurance) have high deductibles ($500 or more) and low premiums, and typically provide coverage only for major hospital and medical expenses. There is often a lifetime limit ($1-$3 million) on the amount of covered costs.
Article providing general information on catastrophic health insurance and questions to consider before purchasing a plan. Written by Insurance.com, an independent insurance agency.
Lists information on three catastrophic health plans recognized by the Department of Financial Services (scroll down the Web page to "Other Individual Policy Options"). For more information, you can call the Consumer Services hotline at (800) 342-3736.
- Group Health Incorporated (GHI). Commercial health insurance company offering two catastrophic insurance plans for residents of New York State: Alliance Value and Alliance 365. Call (800) 444-2333 for more information.
- Empire Blue Cross Blue Shield. Empire Blue Cross offers a hospital-only catastrophic coverage plan to residents of 28 counties in New York State in the metropolitan New York City region, the Mid-Hudson region, and the Albany/Capital District region. Call (800) 662-5193 for more information.
- Excellus BlueCross BlueShield. Excellus offers a catastrophic coverage plan, called Traditional Indemnity Direct Pay Policy, to residents in 16 counties in Central, South Central, and Western New York State. For Central and Central Southern Tier regions, call (800) 633-6066. For the Western region, call (800) 847-1200.