Describe 'catastrophic health insurance'.

Catastrophic health insurance is specifically designed to protect individuals from significant medical expenses resulting from severe health events, such as accidents or serious illnesses. This type of plan typically features low monthly premiums and high deductibles, which means that while the upfront costs are more manageable, the insured party will pay more out-of-pocket before the insurance coverage kicks in.

This structure allows young, healthy individuals or those who do not often require medical care to have protection against unexpected high costs, making it an attractive option for those who want to guard against financial ruin without the burden of high premiums. The coverage is primarily intended to handle worst-case medical scenarios, which is essential for peace of mind in the face of potential health emergencies.

The other answer options do not accurately describe catastrophic health insurance; for instance, the plans do not prioritize routine doctor visits or focus solely on mental health coverage, nor are they exclusively for individuals over the age of 65. This specificity in focus distinguishes catastrophic health insurance from other types of coverage, emphasizing its role in safeguarding against the unexpected rather than covering regular, predictable healthcare costs.