Which of the following would not be covered under basic medical expense?
Asked by: Gail Bartell I | Last update: October 5, 2023Score: 4.8/5 (7 votes)
Basic hospital plans essentially cover all costs on a hospital bill except for physician's fees and surgeries.
Which of the following is not covered by a basic medical expense policy?
Basic medical expense policies are often referred to as first-dollar insurance coverage because they provide for the payment of all losses up to the specified limit without any use of deductibles. Physicians' services are not covered under a basic hospital expense policy, even in the case of surgery.
What is basic medical expense coverage?
There are typically two types of policies: Basic Medical and Major Medical Expense. Basic Medical Expense policies offer coverage for standard hospital, surgical, and physician expenses. It works to insure certain types of hospital visits/stays, surgery for specific types of procedures, and common physician fees.
What is under a basic medical expense policy quizlet?
Basic Expense Policies traditionally cover an insured for nonsurgical doctor visits while in the hospital (medical expense); the charges for room and board while hospitalized (hospital expense), and can be expanded to include payment for office visits, x-rays, lab charges, ambulance, and the cost of the operating room ...
What are the three types of basic medical expense insurance?
Basic coverages provided by an individual medical expense policy include hospital expense, surgical expense, and medical expense. These three basic coverages may be sold together or separately. Frequently this is written as "first dollar" coverage, which means it does not have a deductible.
coverages for medical what are the three basic coverages for medical expense insurance😀😀😀
What is basic vs major medical expense?
Major medical insurance is designed to cover you during everything from routine check-ups to major catastrophic events. Basic health insurance, by contrast, is a cash reimbursement service that can help you pay for some—but not all—types of medical services.
What are some basic types of insurance?
- Health Insurance. Health insurance is one of the most important types of insurance that you can have. ...
- Life Insurance. ...
- Homeowners Insurance. ...
- Automobile Insurance. ...
- Annuities. ...
- Accident Insurance. ...
- Disability Insurance. ...
- Long-Term Care Insurance.
What is not included in basic health insurance?
Most health insurance will not cover elective or cosmetic procedures, beauty treatments, off-label drug use, or brand-new technologies. If health coverage is denied, policyholders can appeal for exceptions or allowances based on an individual's situation and prognosis.
What are five things that would be covered under basic health insurance?
A set of 10 categories of services health insurance plans must cover under the Affordable Care Act. These include doctors' services, inpatient and outpatient hospital care, prescription drug coverage, pregnancy and childbirth, mental health services, and more. Some plans cover more services.
What is excluded in a medical expense plan?
The most common health insurance exclusion is pre-existing conditions, that is, any illnesses or health conditions that came to the insured person's knowledge before the insurance policy takes effect.
Which of the following services is not covered under a hospitalization expense policy?
Answer: surgeon's fees While an insured is hospitalized, the hospitalization expense coverage includes benefits for the cost of all of these services EXCEPT a surgeon's fees.
Which of the following is not considered a qualified medical expense for payment from a health savings account?
Expenses NOT Eligible for under an HSA
The hospital insurance benefits tax, withheld from you pay as part of the Social Security tax or paid as part of Social Security self-employment tax. Nursing care for a healthy baby. Travel your doctor told you to take for rest or change.
What is included in basic health coverage quizlet?
Basic health care coverage includes medical, hospital, and surgical costs, including costs for cosmetic and elective surgeries. A stop-loss provision in your health insurance policy limits the amount your insurance company will have to pay out in a given year.
What are examples of basic healthcare?
Basic health care services means the following medically necessary services: preventive care, emergency care, inpatient and outpatient hospital and physician care, diagnostic laboratory, and diagnostic and therapeutic radiological services.
What are the 4 basic insurance coverages that most businesses have?
- Property Insurance. ...
- Liability Insurance. ...
- Business Auto Insurance. ...
- Workers Compensation Insurance.
What are the four parts to basic health insurance coverage?
Part A provides inpatient/hospital coverage. Part B provides outpatient/medical coverage. Part C offers an alternate way to receive your Medicare benefits (see below for more information). Part D provides prescription drug coverage.
What is never a component of basic home insurance?
Standard homeowners insurance does NOT cover damage caused by flooding, earthquakes, termites, mold, or normal wear and tear. Learn about all the different home insurance exclusions and how to get covered.
Which of the following is typically not eligible for coverage in a group health policy?
Question: Which of the following is typically NOT eligible for coverage in a group health policy? (A temporary employee is typically NOT eligible for coverage in a group health policy.)
Which of the following is not a benefit of insurance?
Lending of funds is not a function of insurance. It is a function of banks. Was this answer helpful?
What is the most basic insurance?
While different states mandate different types of insurance and there are several additional options (such as gap insurance) available, most basic auto policies consist of: bodily injury liability, personal injury protection, property damage liability, collision, comprehensive and uninsured/underinsured motorist.
What is the basic type of life insurance?
There are many types of life insurance policies that can help protect your family, and they all fall into two main categories: term and permanent.
Which types of insurance are optional?
- Collision and Comprehensive Insurance. ...
- Limited Property Damage Liability Insurance - “Mini-Tort” ...
- Towing and Rental Car Coverage. ...
- Uninsured and Underinsured Motorists Coverage.
What are the most common medical expenses?
Key Takeaways
These costs include health insurance premiums, hospital stays, doctor appointments, and prescriptions.
Which is not considered one of the basic benefits required of all HMOs?
Which is not considered one of the basic benefits required of all HMOs? Long-Term Care Coverage is not usually provided by HMO health insurance.
Which of the following medical costs is are covered by Basic Medicare Part A?
Medicare Part A hospital insurance covers inpatient hospital care, skilled nursing facility, hospice, lab tests, surgery, home health care.