6. Vocabulary - Types of medical expense coverage Why is it important to be familiar with the variety of medical expenses covered by health insurance plans? Check all that apply. To minimize the chances of unpleasant surprises, particularly regarding gaps in or lack of-coverage To avoid buying coverage so unlikely to be used that it's not worth the cost To obtain the best coverage for the lowest cost To make cost-effective treatment decisions Match the types of medical expense coverages on the left with the descriptions on the right. Select the letter of the description in the Answer column next to the correct coverage. These are not necessarily complete definitions, but there is only one possible answer for each type of coverage. Answer Term Dental services A. B. Comprehensive major medical insurance Hospitalization C. Dread disease insurance D. Description Very restrictive coverage; pays a specified amount for a named disease, such as blindness, heart disease or cancer. Covers semiprivate room rate including meals and nursing care; number of admission days usually limited Covers costs for an operation deemed medically necessary; usually excludes cosmetic procedures Often a low maximum coverage, $1,000 to $2,500 per patient, for fillings, root canals, oral surgery, cleanings, orthodontics Covers cost of doctor visits, including consultations with specialists Usually written under a group contract, includes coverage for hospitalization, surgery, physicians, and major medical protection in a single policy G. Provides broad coverage; common lifetime limits of $500,000, $1,000,000, or no limits at all; usually includes a high deductible to protect against a catastrophic medical event E. Major medical insurance Physician expenses F. Surgical expenses 6. Vocabulary - Types of medical expense coverage Why is it important to be familiar with the variety of medical expenses covered by health insurance plans? Check all that apply. To minimize the chances of unpleasant surprises, particularly regarding gaps in or lack of-coverage To avoid buying coverage so unlikely to be used that it's not worth the cost To obtain the best coverage for the lowest cost To make cost-effective treatment decisions Match the types of medical expense coverages on the left with the descriptions on the right. Select the letter of the description in the Answer column next to the correct coverage. These are not necessarily complete definitions, but there is only one possible answer for each type of coverage. Answer Term Dental services A. B. Comprehensive major medical insurance Hospitalization C. Dread disease insurance D. Description Very restrictive coverage; pays a specified amount for a named disease, such as blindness, heart disease or cancer. Covers semiprivate room rate including meals and nursing care; number of admission days usually limited Covers costs for an operation deemed medically necessary; usually excludes cosmetic procedures Often a low maximum coverage, $1,000 to $2,500 per patient, for fillings, root canals, oral surgery, cleanings, orthodontics Covers cost of doctor visits, including consultations with specialists Usually written under a group contract, includes coverage for hospitalization, surgery, physicians, and major medical protection in a single policy G. Provides broad coverage; common lifetime limits of $500,000, $1,000,000, or no limits at all; usually includes a high deductible to protect against a catastrophic medical event E. Major medical insurance Physician expenses F. Surgical expenses
