While both catastrophic and bronze plans have a high deductible, bronze plans cover 60 percent of costs even before the deductible has been met while catastrophic plans cover just three primary care visits annually (in addition to basic preventative services). Policyholders with a catastrophic plan must pay out of pocket in full for other services until they have reached the plan's deductible.
The low monthly price of a catastrophic plan may initially be attractive to young adults, but Mishory urges caution.
Consumers should ask themselves, "How high should my deductible be? Do I only expect to use preventive care? Can I afford some of the out-of-pocket costs of a catastrophic plan if I do need unexpected medical services?" says Mishory.
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