Individual major medical insurance is characterized by which of the following?

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Individual major medical insurance typically has no lifetime benefit limits, meaning that there is no cap on the total amount of benefits that can be paid out over the course of a person's lifetime. This distinguishes it from some other types of insurance, such as short-term health insurance, which may have benefit limits of a few hundred thousand dollars or less. While individual major medical insurance may not provide first-dollar coverage (meaning that there may be deductibles, copays, or coinsurance that the insured has to pay), it is generally designed to provide a comprehensive range of benefits, rather than a narrow one. And while there may be some exclusions based on pre-existing conditions or other factors, individual major medical insurance is required to cover a set of essential health benefits under the Affordable Care Act, so there are limits to how much insurers can restrict coverage.

Individual Major Medical Insurance Is Characterized by Which of the Following