Catastrophic health insurance is often marketed as a "safety net" for the young and healthy. While it offers the lowest monthly premiums available, it comes with a massive trade-off: you pay almost everything out of pocket until you hit a very high deductible. Who Can Actually Buy It?
Everything You Need to Know Before Buying Catastrophic Health Insurance
, such as homelessness, domestic violence, or being unable to afford a standard Marketplace plan. The True Cost: Premium vs. Deductible Catastrophic health plans | HealthCare.gov
Eligibility is strictly limited under the Affordable Care Act (ACA). You can only purchase these plans if: .