Supplemental major medical through her employer. The deductible that will be applied when she is eligible for major medical benefits is called.
Supplemental major medical through her employer. The deductible that will be applied when she is eligible for major medical benefits is called.
which of the following?
An integrated deductible
A corridor deductible
Marilyn has a major medical policy that has a $500 deductible and pays 80% of the benefit after the deductible. Marilyn has a hospital stay that results in a $21,000 bill. How much will Marilyn owe for her part of the bill?
$2,100
$4,100
$500
$4,600
Max has a policy that pays part of his medical bill without any deductible. He most likely has a(n):
Disability Income
Basic Medical Expense Plan
A hospital income plan pays benefits based on which of the following?
Aggregate stop loss
Reimbursement schedule
Co-insurance
Flat payment per day in the hospital
Harry has a major medical plan that has a new deductible for each illness or accident he incurs. What is the name for this type of deductible?
Annual deductible
Carryover deductible
Per cause deductible
Major Medical Plans usually allow benefits for all of the following EXCEPT:
Non-occupational accidents
Diagnostic testing
Surgical Procedures
Experimental drugs and treatment
Gail has been in the hospital and has a total bill of $9,000. Her insurance policy contains a $200 deductible and a $5,000 maximum out-of-pocket provision. Benefits are paid at 80%/20%. How much will Gail have to pay on this bill?
$2,000
$1,960
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