"Major medical" coverage

Question

Quizplus · Accepted Answer

Major medical coverage provides for insurance protection beyond basic health care coverage, including coverage for major medical expenses such as surgery, hospitalization, and long-term care. It is designed to protect the insured from catastrophic financial loss. First dollar coverage (A) refers to insurance that pays from the first dollar of expenses incurred, regardless of the deductible. Major medical coverage typically has a deductible before coverage begins. Major medical coverage is not limited to hospital-related expenses (D) and can extend to outpatient treatment and prescription drugs, depending on the policy.

"Major Medical" Coverage