1. Catastrophic
    As the name suggests, catastrophic insurance is designed to cover only extremely high, unexpected medical expenses. They have very high deductibles, low monthly premiums and generally don’t cover any medical care until the deductible has been met. The ultimate goal of the Affordable Care Act is to eliminate these policies as everyone gets comprehensive health insurance. Currently, only those under 30-years of age or people with hardship exemptions may purchase these policies.