Park City, Utah (PRWEB) October 02, 2013
Today, Zane Benefits, the number one online small business health benefits solution, published new information on catastrophic plan eligibility.
According to Zane Benefits’ website, with the new health insurance marketplaces, all individual health plans will be offered in four standard levels of coverage. But there's actually a fifth type of plan - catastrophic plans. For some, a catastrophic plan is considered a qualified health plan.
A catastrophic plan is a health insurance plan characterized by a lower premium and higher deductible. So, though the monthly plan may cost less, out of pocket costs may be higher. Under a catastrophic plan, the deductible is usually several thousand dollars, therefore generally only covering emergencies.
All catastrophic plans being sold through the public health insurance marketplaces will cover three primary care visits, all preventative benefits, and will be considered a qualified plan. However, the consumer will not be eligible for premium tax credits.
In order to be eligible for a catastrophic plan through the health insurance marketplaces, the consumer must fall into one of the following categories:
younger than 30 years old
have a low income with which all other insurance options are not considered affordable
have a hardship exemption
About Zane Benefits
Zane Benefits was founded in 2006 to provide a revolutionized SaaS (Software-as-a-Service) administration platform ("ZaneHRA") for defined contribution health care. The flagship software provides a 100% paperless administration experience to small businesses and insurance professionals that want to offer better health benefits without a traditional group health insurance plan at lower costs. For more information about Zane Benefits, visit http://www.zanebenefits.com.