Michigan-based American Community Mutual Insurance is offering a new type of insurance plan that will have low monthly premiums and allow policyholders to purchase up to $5 million in additional health coverage in the event of serious illness or injury, the Wall Street Journal reports. The plan is being marketed to healthy U.S. residents between ages 19 and 34.

American Community on Friday will roll out the first of its two programs in Texas, which leads the nation in its uninsured rate, with 27% of state residents lacking health coverage, the Journal reports. Under the Texas plan, called Coverage on Demand, those enrolled in the program can purchase one of three limited-benefit plans with annual benefit caps between $1,000 and $5,000 and with maximum deductibles of no more than $500, the Journal notes.

The cost of a plan for a healthy 25-year-old…