Comprehensive Major Medical Policy combines the best features of the Basic and Major Medical policies into one. It will include deductibles, coinsurance, and stop loss limits.

Comprehensive Major Medical Policy combines the best features of the Basic and Major Medical policies into one. It will include deductibles, coinsurance, and stop loss limits.

• A. A policy that covers only basic medical expenses
• B. A policy that combines the Basic and Major Medical features into one, including deductibles, coinsurance, and stop loss limits
• C. A policy that excludes major medical coverage
• D. A policy that is only hospital coverage

Answer: (B)

A Comprehensive Major Medical policy is a single plan that blends the routine protection of Basic medical expenses with the broader, catastrophe-style protection of Major Medical, and it includes cost-sharing features like a deductible, coinsurance, and a stop-loss limit. The deductible is what you pay out of pocket before benefits start, coinsurance is the percentage you pay after the deductible, and the stop-loss limit caps your total out-of-pocket costs for covered services. This combination gives both predictable, everyday coverage and protection against very large bills, all in one policy. The other options describe only basic coverage, excluding major medical, or limiting to hospital coverage, none of which reflect the integrated, cost-sharing structure of a Comprehensive Major Medical policy.

A Comprehensive Major Medical policy is a single plan that blends the routine protection of Basic medical expenses with the broader, catastrophe-style protection of Major Medical, and it includes cost-sharing features like a deductible, coinsurance, and a stop-loss limit. The deductible is what you pay out of pocket before benefits start, coinsurance is the percentage you pay after the deductible, and the stop-loss limit caps your total out-of-pocket costs for covered services. This combination gives both predictable, everyday coverage and protection against very large bills, all in one policy. The other options describe only basic coverage, excluding major medical, or limiting to hospital coverage, none of which reflect the integrated, cost-sharing structure of a Comprehensive Major Medical policy.