It is an insurance plan designed to supplement the basic coverage of hospitalization, surgical and physician expenses; used to finance more catastrophic medical costs. What is it?
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A. B. C. D.A
The answer to this question is A) Major Medical Plan.
A major medical plan is an insurance plan designed to provide coverage for more catastrophic medical costs that are beyond the scope of basic hospitalization, surgical and physician expenses. Major medical plans typically offer a higher level of benefits and coverage than traditional health insurance plans, with higher deductibles and out-of-pocket costs. They are meant to be used in cases of serious illness or injury that require extensive medical treatment or hospitalization.
Major medical plans often include coverage for hospital stays, surgery, and other costly medical procedures, as well as prescription drugs and other related expenses. They may also offer coverage for preventative care and routine checkups, but typically at a lower level than traditional health insurance plans.
Comprehensive major medical insurance is a similar type of insurance plan that provides coverage for a broad range of medical expenses, including hospitalization, surgery, physician visits, and prescription drugs. It is often used as a supplemental insurance policy to provide additional coverage beyond what is offered by basic health insurance plans.
Covered medical services, on the other hand, refers to the specific medical services that are covered by a particular insurance plan. It does not refer to a specific type of insurance plan itself.
In conclusion, the insurance plan described in the question is a major medical plan, which is designed to supplement the basic coverage of hospitalization, surgical and physician expenses and is used to finance more catastrophic medical costs.