What is a major medical policy?Major medical insurance is a specific type of health insurance plan that will help cover your medical expenses. It often covers preventive care services, urgent care visits, emergency room visits, prescription medications, and other routine medical expenses.
Which of the following conditions is typical of a major medical policy?Major Medical policies typically contain a deductible and coinsurance. (Correct.) A provision that requires the insured to pay the first portion of covered expenses before Major Medical coverage applies is called an initial deductible.
Which of the following policy features allows an insured to defer current health charges to the following?The correct answer is "Waiting Period". The waiting period in a Group Health policy gives an insurance company the rights to delay coverage for a covered sickness for a specified number of days after the effective date of the policy.
Which of the following plans has combined characteristics of basic and major medical coverage?Comprehensive Major Medical insurance coverage combines the features of the Basic and Major Medical policy into a single policy.
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