What is a limited health plan & should I purchase one?

January 29, 2016

Share on FacebookGoogle+Tweet about this on TwitterEmail to someone
Lead Copywriter



There are platinum, silver, gold, bronze and catastrophic health insurance plans, and then there’s limited, The Godfather III of health plans (a.k.a. the crappiest).

A limited health plan has a low monthly cost, but you’ll end up paying A LOT more in the long run.

Here’s why:

-Limited plans have high co-insurance and co-pay amounts.
-Limited plans only cover some medical care and usually have a low payout ($1,000-$5,000).
-Limited plans don’t cover mental health care.
-Limited plans don’t have an out-of-pocket max (a.k.a. the most you’ll pay for your medical bills). In other words, if you get in a car accident or have cancer, your bills will just keep accumulating because your insurance won’t kick in.

Another thing you should know about a limited health plan is that it’s not qualified under the Affordable Care Act. That means you’ll still have to pay a tax penalty. Double whammy!

So there you go.

As you can tell, here at KindHealth we’re not huge fans of limited health insurance plans. We think that people should be protected and not worry about large medical bills. If monthly cost is an issue for you, we can help. Let us help you find a plan that fits your financial AND medical needs. Choose The Godfather I or The Godfather II way!