Question

A medical expense policy covers the cost of health care services delivered according to:

A. the insured's preferences
B. the insurer's marketing of these services and care
C. the plan or policy
D. the insured's age and health

Answer 1

A medical expense policy covers the cost of health care services delivered according to the plan or policy.

Step-by-step explanation:

A medical expense policy covers the cost of health care services delivered according to the plan or policy. The policy outlines the coverage and benefits provided by the insurance company. It specifies the types of medical services that are covered, any limitations or exclusions, and the cost-sharing requirements such as deductibles and copayments.

For example, if a medical expense policy has a deductible of $500, the policyholder must pay the first $500 of medical expenses out-of-pocket before the insurance coverage kicks in. After reaching the deductible, the policy may cover a portion or all of the remaining eligible expenses, depending on the policy's coverage limits and benefits.