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Which of the following statements concerning major medical plans is (are) correct? 1. Major medical expense plans contain a coinsurance provision, whereby the plan will

Which of the following statements concerning major medical plans is (are) correct?

1. Major medical expense plans contain a coinsurance provision, whereby the plan will pay only a specified percentage of the covered expenses that exceed the deductible.

2. Qualified major medical health plans contain coverage for hospital and physicians and surgeons fees, medications, and lab tests.

1 only.

2 only.

Both 1 and 2.

Neither 1 nor 2.

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