Many people prefer not to purchase extended health plans (if they aren’t covered with group benefits at work) because they can be expensive, and many people would rather simply “self insure” and pay for the dental checkups, eye exams and prescriptions themselves. However, these same people also recognize the need for coverage should something “Catastrophic” happen, for example needing a wheel chair due to an injury, or needing to purchase expensive drugs that could cost tens of thousands of dollars for MS or cancer. Catastrophic coverage is a relatively inexpensive solution that protects against these kinds of unexpected costs. It remains an affordable option because it doesn’t cover all the little things. It is reserved to help you cover the large catastrophic costs if they arise.