Multi-Plans
Pros and Cons
Multi-plans (Pivot Health as an example) are usually cheap and PPO which are the pros for these plans. However, they are $0 deductible plans, with no max out of pocket. This means that with any major claims, you would be responsible for financially covering. There is a 12-month waiting period on all pre-existing conditions as well. The most terrifying part of a multi-plan is on the “insurance” cards, there are disclaimers stating that these plans are NOT insurance and they are not responsible for any claims.
Pros
- Low cost
- PPO (large network of providers)
- Do not have to be approved
Cons
- $0 deductible which means there is no max out of pocked (meaning you could be responsible for any large medical bills that exceed what the insurance company is willing to pay.
- 12 month waiting period for existing conditions