Accident & Health FundamentalsQuestion 22 of 315
A major medical health insurance policy is best characterized by:
a.A fixed daily indemnity benefit regardless of actual medical charges
b.Coverage that pays only for accidental injuries, not illness
c.Broad coverage for inpatient and outpatient services with a deductible, coinsurance, and out-of-pocket maximum
d.Coverage limited to dental and vision benefits only
Explanation
Major medical insurance provides broad coverage for hospital, surgical, physician, and outpatient care subject to plan design features such as a deductible, coinsurance, copayments, and an annual out-of-pocket maximum. Limited-benefit, accident-only, and indemnity policies are distinct product types.
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Sen Lin, PrepPass Founder · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)