Individual Marketplace major medical deductibles in 2020 range from $1,519 (Gold plan) to $6,506 (Bronze plan).[1]
Do you have enough money (or funds in a health savings account) to meet your annual major medical deductible if you have a covered accident or critical illness? If not, think gap health insurance.
For example, gap insurance can include critical illness + accident insurance coverage that provides a fixed lump-sum benefit as a result of a covered critical illness. This lump-sum payment can be used any way you see fit. Accident coverage is available for covered expenses incurred, up to a maximum benefit limit, whichever is less.
Broken bones
Life-threatening cancer
Heart attack
Kidney failure
Stroke
Coma
Coronary bypass
Loss of sight, speech or hearing
Major organ transplant
Paralysis
Severe burn
Preventive care such as routine physicals
Any non-medically necessary or experimental procedures
Injuries or illness related to participating in extreme or dangerous activities (rock climbing, skydiving, private aviation, etc.) or sustained at work or under the influence of drugs or alcohol
Medical expenses incurred prior to the policy effective date or after the expiration date
Speak to a licensed health insurance agent during business hours for help understanding your options and enrolling in coverage.
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