Question

Which of the following statements is CORRECT?

A) Medical expense insurance provides periodic payments to the insured when he is unable to work due to sickness or an injury.
B) Hospital and medical expense coverage helps pay doctor and hospital bills.
C) Long-term care insurance provides benefits to the insured for hospital care immediately following a surgical procedure.
D) Disability income insurance reimburses the insured for medical care, hospital care, and related services for disabled insureds.

Answer 1

The correct statement is B) Hospital and medical expense coverage helps pay doctor and hospital bills. This insurance helps with the costs incurred due to medical services and is distinct from other forms of insurance like disability income or long-term care insurance.

Step-by-step explanation:

The correct statement among the options given is: B) Hospital and medical expense coverage helps pay doctor and hospital bills. This insurance covers a portion of the costs associated with doctor visits, hospital stays, and other medical expenses. The other options describe different forms of insurance: A) Medical expense insurance usually does not provide periodic payments when unable to work; that's actually the role of disability income insurance. C) Long-term care insurance offers benefits to cover a range of services not typically covered by regular health insurance, like assistance with activities of daily living. Finally, D) Disability income insurance provides financial support to the insured when they are unable to earn an income due to a disability, not for medical or hospital care expenses.