Hospital expense policy that provides $100 per day for a room, plus $1,000 for miscellaneous hospital charges and $500 for surgery. The hospital charges $200 per day for room, $1,500 for miscellaneous services and the doctor charges $1,500 for his fee. How much will Harland’s policy pay?
$5,000
$1,500
$2,200
$2,500
Barney has a surgical expense policy listed as a “$1,000 Basic Surgical Expense Policy”. This means which of the following?
Any surgery will pay $1,000
The plan will pay $1,000, only if the surgeon is board certified
Only the most complex surgery will be reimbursed at $1,000 and other procedures by the dollar value of procedure.
Caroline recently was admitted to the hospital. During this visit, she incurred a $7,000 charge. Her major medical plan has a $500 deductible and pays 80% after the deductible is satisfied. Her plan has a maximum out-of-pocket of $2,500. How much did Caroline owe for her part of the bill?
$2,500
$2,200
$1,800
Medical expense plans are what type of contracts?
Point value
Substandard Risk
Reimbursement
A major medical expense plan:
Provided only through a group plan
Supplements Medicare
Has large lifetime benefit maximums
Major medical may have any of the following deductibles, EXCEPT:
Flat
Stacked
Which of the following is not covered under a basic medical insurance plan?
Private nursing
Income Replacement
Susan has paid the maximum out-of-pocket required on her major medical plan for the year. Any
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