Fran is interested in purchasing a major medical policy that limits the total out-of-pocket amount that she will have to pay. She should consider a

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A stop-loss provision is the only option in this list that specifically involves limiting the total out-of-pocket amount that a policyholder will have to pay. Copays and coinsurance both involve sharing costs with the insurance company but do not limit the total amount a policyholder could end up paying. Hospital indemnity policies and dread disease policies are separate types of insurance policies that may provide additional coverage but would not be appropriate for someone looking for a major medical policy with out-of-pocket limits.

Fran Is Interested in Purchasing a Major Medical Policy That