If your child is an athlete, you may think that your job is to coach your child’s teams, drive them to their games, buy the equipment and bring the snacks, but have you ever thought about whether they might need one more thing from you? Yup, if you have a child who plays high school sports, have you ever thought about whether you need to get them a catastrophic health insurance plan?
Probably not, but if you haven’t thought about additional health insurance for your student athlete you should take a look at the story of Rocky Clark, a former high school football standout:
There is no requirement in Illinois that high schools obtain catastrophic health insurance for student athletes.
Rasul “Rocky” Clark found out the importance of such insurance during a football game on Sept. 15, 2000.
The 16-year-old running back took a routine pitchout from his quarterback at Eisenhower High School in Blue island, lowered his shoulder as an oncoming tackler approached and immediately crumpled to the ground.
Rocky, who lived in Robbins, would never walk again.
Eisenhower High School actually provided catastrophic insurance to its students, but the $5 million lifetime limit ran out for Rocky in 2010.
After living 11 years as a quadriplegic, Rocky died on Thursday.
Catastrophic health insurance (usually called “high-deductible health insurance”) is health insurance that is designed to protect in the event of … well, a catastrophe. High-deductible health insurance plans charge relatively low monthly premiums, but require a high deductible to be met before coverage begins. It is designed to cover you in case of an expensive medical emergency, making it the perfect answer if you have a child who plays football and you are concerned about a freak accident which could result in monstrous medical bills.
A high-deductible health insurance policy generally won’t cover everyday doctors’ visits, but once the annual deductible is met, a high deductible health insurance plan will cover the major medical expenses that it deems medically necessary, such as surgeries, hospital stays, intensive care, tests, and prescription drugs. Like traditional plans, catastrophic plan designs usually include co-insurance and a maximum out of pocket limit which you should also consider before signing up to any health insurance plan.
Do you have a high-deductible health insurance plan? Tell us about it!
- High-Deductible Health Insurance Follow-up: High-Deductible Health Insurance and Health Savings Accounts
- High-Deductible (Catastrophic) Health Insurance Plans: What Are They? Are They Worth It?
- Open Enrollment: Is High Deductible Health Insurance the Answer?
- Open Enrollment: Is Your Employer Pushing You To High-Deductible Health Insurance?
- Healthcare Reform: Health Savings Accounts (HSAs) and High-Deductible (Catastrophic) Health Insurance