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Basic Health Insurance Policy
(redirected from Basic Hospital Plan)

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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.


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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).
These are qualified, high-deductible plans that enable employers and members to pay significantly reduced premiums while taking advantage of the tax benefits of HSAs; --A "first-dollar," high-deductible PPO plan that covers the first $500 of covered medical expenses for an individual, the first $1,000 for a family; --A basic hospital plan that provides catastrophic hospital coverage, and offers employers the highest premium savings.
 
 
 
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