Basic Health Insurance Policy

(redirected from Basic Hospital Plan)

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 ?
Of immediate interest to small employers in New York is Aetna's low-cost basic hospital plan which covers hospitalization at 80 percent in-network (50 percent out of network) and includes coverage for three office visits per year (which studies show is the number of times Americans on average visit their physician).
A basic hospital plan that provides catastrophic hospital coverage, and offers employers the highest premium savings.