What Is Catastrophic Health Insurance?

Catastrophic health insurance is a type of high-deductible plan designed as a safety net for major medical events. Available mainly to people under 30, it has low monthly premiums but requires you to pay for most routine care out-of-pocket until you meet the very high deductible.

How It Relates to Medicare

Medicare beneficiaries do not enroll in these plans. However, Medicare Part D (for prescription drugs) has its own form of "catastrophic coverage." Once your out-of-pocket drug spending reaches a certain high limit for the year, your costs are significantly reduced.

How Mira Mace Can Help

If you're a Medicare beneficiary facing high drug costs, your advocate can help you apply for "Extra Help" and other assistance programs. We review your Part D plan to ensure you're minimizing costs long before you reach the catastrophic coverage threshold.