MAJOR MEDICAL INSURANCE POLICY Flashcards
1
Q
CALENDAR YEAR DEDUCTIBLE
A
PAID ANNUALLY
2
Q
PER CAUSE DEDUCTIBLE
A
PAID EACH TIME YOU VISIT THE DOCTOR/ HOSPITAL
3
Q
CO-PAYMENTS
A
PERCENTAGE PAID OUTSIDE OF THE DEDUCTIBBLE
4
Q
STOP LOSS PROVISION
A
KEEPS INSURED FROM PAYING EXCESSIVE OUT OF POCKETS COST AFTER PAYING THEIR DEDUCTIBLE
5
Q
ENTIRE FAMILY PROVISION
A
ONLY 3 DEDUCTIBLES NEED TO BE PAID
6
Q
COMMON ACCIDENT PROVISION
A
IF ENTIRE FAMILY IS IN AN ACCIDENT, AND GO TO THE HOSPITAL TOGETHER, ONLY ONE DEDUCTIBLE NEEDS TO BE PAID
7
Q
CARRY OVER PROVISION
A
IF DEDUCTIBLE IS SPENT IN THE LAST 3 MONTHS OF THE YEAR, IT CAN CARRY OVER TO NEXT YEAR
8
Q
COMPREHENSIVE MAJOR MEDICAL POLICY
A
BASE PLAN WILL PAY FIRST, MAJOR MEDICAL PAYS 2ND
