Medical Expense Insurance - Ch. 6

Question 1

Corridor Deductible

Answer 1

Used when a major medical policy is used to supplement basic coverage that has no deductible. The corridor deductible is only applied after the basic coverage
has been fully used.

Question 2

Integrated Deductible

Answer 2

Applies when a major medical plan supplements basic coverage.
- If the basic coverage does not cover the full deductible, the insured must pay the
difference

Question 3

All cause deductible

Answer 3

Requires the insured to meet the deductible amount only once within the benefit period.

Question 4

Carryover Provision

Answer 4

Enables an insured to apply health expenses incurred in the current
year toward the following year’s deductible

Question 5

Stop Loss

Answer 5

Prevents the insured from paying more than the Max Out of Pocket