Accident and Health Insurance

Question 1

Basic Surgical Expense Policies

Answer 1

policy contains a “surgical schedule” that indicates that maximum amount payable for each major operation listed in the schedule

Question 2

Comprehensive Major Medical Expense Policies

Answer 2

Provides benefits for catastrophic injury or sickness.

Question 3

Health Maintenance Organization (HMO)

Answer 3

reduce medical expenses by stressing preventative medicine

Question 4

Preferred Provider Organization (PRO)

Answer 4

Offer the best features, and has a broader choice of doctors (like reimbursement plans) and copayments (like HMO’s)

Question 5

Basic Hospital Expenses Policies

Answer 5

first-dollar coverage with no deductible that pays for hospital room and board only. The policy indicates the maximum amount of room and board coverage per day for a certain number of days.

This type of policy will pay the policy limit or the amount of your claim, whichever is less.