{"iri":"https://folio.openlegalstandard.org/RiTUO750LAdgZQOGZoxdsE","label":"Catastrophic Health Insurance Policy","sub_class_of":["https://folio.openlegalstandard.org/RCjgFvO2VxpIklnhZMbSD9k"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Catastrophic health insurance is a type of health coverage geared towards young adults under 30 and some low-income individuals who are exempt from other insurance requirements. These policies usually have lower premiums but higher out-of-pocket costs and are designed to protect the insured from major medical expenses, such as those incurred from severe accidents or illnesses.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}