If an individual is seeking a health insurance policy that will cover them in the event of a major illness or accident, yet does not want coverage for regular check-ups, has a low premium in return for a high deductible, but does not cover regular check-ups, what type of plan should they consider?

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If an individual is seeking a health insurance policy that will cover them in the event of a major illness or accident, has a low premium in return for a high deductible, but does not offer coverage for regular check-ups, they should consider catastrophic coverage. A catastrophic health insurance policy typically carries a high deductible and a low premium. These plans are designed for those who are healthy and may not need to visit a physician regularly. In most cases, catastrophic health insurance policies provide major medical and hospital expense coverage. Thus, these plans be a good option for those who want to be covered in the event of an accident or major illness.

If an Individual Is Seeking a Health Insurance Policy That