The regulations and processes are clearly, IMHO, confusing and nonsensical. I’d be interested in hearing definitive feedback.
It’s confusing because, as I understand it, you can have conditions and medications that disqualify you from holding/being issued a class 3, but are not an issue for basic med. So, you can fly under basic med with those otherwise class 3 disqualification(s). Unless you first applied for a class 3 and were denied, or revoked for class 3.
So, per the FAA, if we know about it, you can’t fly under class 3 OR basic med, OR sports pilot for that matter. If you keep us out of the process, but would otherwise be denied a class 3, you’re fine to hop into a 6000 lbs aircraft with 5 passengers and fly up to 250kn.
Makes perfect sense.