basic benefits
(redirected from Basic Health Insurance Policy)Also found in: Financial.
basic benefits
A term of art for those benefits provided in Medigap Plan A.Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
Also found in: Financial.
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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. Otherwise, an individual will apply for health insurance only when they get sick, making health insurance premiums more expensive for those small businesses who already carry a 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.
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