What type of health insurance policy provides 'first dollar' benefits for specified health care services with limited benefit periods and low coverage limits? Major Medical Expense Policy Comprehensive Major Medical Basic Medical Expense Insurance Hospital Indemnity Policies

Basic Medical Expense Insurance

Health Insurance Policies: Coverage Types, Deductibles, and Cost-Sharing Mechanisms

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What type of health insurance policy provides 'first dollar' benefits for specified health care services with limited benefit periods and low coverage limits?

Which health insurance policy is characterized by broad coverage, high benefits, and includes deductibles and coinsurance cost sharing?

What is the term for the amount of expense or loss that must be paid by the insured before a health insurance policy starts paying benefits?

What is a stated dollar amount that applies to a covered loss per occurrence, per insured individual, sometimes referred to as an 'initial deductible'?

Which deductible is applied when a major medical policy supplements basic coverage and is not applied until the basic coverage is exhausted?

What type of deductible is used when a major medical plan supplements basic coverages, and the basic coverage amount satisfies the major medical deductible?

Which deductible requires the insured to satisfy a deductible for each accident or illness?

What type of deductible requires the insured to meet the deductible amount only once during the benefit period?

Which provision allows an insured to defer current health charges to the following year's deductible instead of the current year's deductible?

What is the principle under which the insurance company insures only part of the potential loss, with the policyowners paying the other part?

What is designed to stop the company's loss at a given point, placing a limit on the maximum out-of-pocket expenses an insured must pay?

What term describes an illness or medical condition that existed before a policy's effective date and is usually excluded from coverage?

What are tax-advantaged medical savings accounts available to U.S. taxpayers enrolled in a high-deductible health plan (HDHP)?

What are employer-funded, tax-advantaged health benefit plans that reimburse employees for out-of-pocket medical expenses and individual health insurance premiums?

What accounts were created to help employees of small employers and self-employed individuals pay for their medical care expenses?

What are tax-advantaged accounts that can be set up through a cafeteria plan of an employer?

What type of health insurance provides a stipulated daily, weekly, or monthly indemnity during hospital confinement, payable on an unallocated basis?

Which policies restrict benefits to specified accidents or diseases, such as travel policies and dread disease policies?

What type of policies provide a variety of benefits for a specific disease such as cancer or heart disease?

What insurance product typically makes a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list?

Which policies cover hospital room and board, miscellaneous hospital expenses, medicines, use of operating room, and supplies?

What benefits cover expenses for occupancy of the room and bed, general nursing care, food and beverages, and personal hygiene items?

Which policies pay for the costs of surgeons' services, including surgeon's fees, anesthesiologist, and the operating room?

What approach assigns a dollar amount to every surgical procedure by the insurer?

Which approach uses a stated dollar-per-units amount, known as the conversion factor, to determine the benefit?

What approach compares the surgical expense to what is deemed reasonable and customary for the geographical area where the surgery was performed?

Which policy combines the features of basic expense coverage and major medical coverage, covering practically all medical expenses?

What ensures that no agency, institution, or physician providing a service for which payment is required under a policy governed by State law is denied payment because services were rendered through a physician assistant?

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