Basic Health Insurance Policy


Also found in: Medical.

Basic Health Insurance Policy

A health insurance policy that provides only minimal coverage. For example, it may cover preventative visits to a physician and catastrophic events. Basic health insurance policies have high deductibles. As a result, they have low premiums. They tend to appeal to young adults and exceptionally healthy persons.
References in periodicals archive ?
The council reports that mandated benefits increase the cost of a basic health insurance policy by less than 10% to as much as 50% or more, depending on the number and type of mandates.
In order to guarantee that everyone can have access to affordable insurance, however, all individuals must have a responsibility to obtain insurance; thus, NSBA supports the notion that all individuals must carry at least a basic health insurance policy.
He said that the poor would be given 200 units of electricity and gas supplies free of cost while plans were afoot to introduce a basic health insurance policy for those who cannot afford the rising medical costs.