catastrophic health insurance plans are designed to protect people from major medical costs. they are…

catastrophic health insurance plans are designed to protect people from major medical costs. they are typically available to people under 30 years old that are in good health. the plans are characterized by low monthly premiums and high deductibles. which of these plans is most likely a catastrophic health insurance plan? policy 1 policy 2 policy 3 policy 4 premium: $150 per month deductible: $2,500 per year copayment: $20 per doctor visit coinsurance: 20% after the deductible is met out - of - pocket maximum: $5,000 premium: $350 per month deductible: $500 per year copayment: $10 per doctor visit coinsurance: 10% after the deductible is met out - of - pocket maximum: $2,000 premium: $250 per month deductible: $1,000 per year copayment: $15 per doctor visit coinsurance: 15% after the deductible is met out - of - pocket maximum: $3,000 premium: $100 per month deductible: $7,500 per year

catastrophic health insurance plans are designed to protect people from major medical costs. they are typically available to people under 30 years old that are in good health. the plans are characterized by low monthly premiums and high deductibles. which of these plans is most likely a catastrophic health insurance plan? policy 1 policy 2 policy 3 policy 4 premium: $150 per month deductible: $2,500 per year copayment: $20 per doctor visit coinsurance: 20% after the deductible is met out - of - pocket maximum: $5,000 premium: $350 per month deductible: $500 per year copayment: $10 per doctor visit coinsurance: 10% after the deductible is met out - of - pocket maximum: $2,000 premium: $250 per month deductible: $1,000 per year copayment: $15 per doctor visit coinsurance: 15% after the deductible is met out - of - pocket maximum: $3,000 premium: $100 per month deductible: $7,500 per year

Answer

Brief Explanations:

Catastrophic health - insurance plans have low monthly premiums and high deductibles. Policy 1 has the lowest monthly premium ($150) and one of the higher deductibles ($2,500 per year) among the given policies.

Answer:

Policy 1