Catastrophic coverage is a category of coverage primarily for individuals under the age of 30, who may not use a lot of healthcare services during the year, but want to be protected from serious illness or an accident. Catastrophic plans cover the same essential health benefits as other Pennie plans, and also cover certain preventive services at no cost.
While premiums are generally lower for catastrophic coverage, those enrolled in these plans are not eligible for financial assistance to lower the cost of coverage and care. These plans feature very high deductibles, before the plan starts to pay anything. However, after you meet the deductible, your insurance company will pay for all covered services, with no copayment or coinsurance.
If you're 30 or older and want to enroll in a Catastrophic plan for 2021, you must claim a hardship exemption or affordability exemption (if your job-based coverage offer is not affordable) to qualify. If you’re eligible to buy a Catastrophic plan, you’ll see them displayed when you compare plans on Pennie.