Overview and Learning Objectives
In this chapter you will learn about medical expense insurance, a vital form of coverage in the face of rising medical costs. Medical expense insurance offers the policy owner a partial or complete reimbursement of medical care expenses. Although medical expense plans are generally divided into basic and major plans, you will learn that there are also many variations of each of these.
Ask yourself two questions throughout this chapter. If you can answer these questions, then you'll know this chapter, inside out.
- What do these policies cover, specifically?
- How do they pay the benefits?