The Effect of an Out-Of-Pocket Limit in a Major Medical

question 2

Multiple Choice

The effect of an out-of-pocket limit in a major medical insurance policy is to

• A)limit the lifetime benefits payable under the policy.
• B)put a cap on annual benefits that will be paid.
• C)prevent the insured from receiving duplicate benefits if medical expenses are also covered under workers compensation insurance.
• D)cover 100 percent of eligible medical expenses after an insured has incurred a specified amount of out-of-pocket expenses.

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Definitions:

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