Question

In: Finance

Insurance that covers medical costs beyond those covered by basic health insurance is A) major medical...

Insurance that covers medical costs beyond those covered by basic health insurance is

A)

major medical insurance.

B)

premium insurance.

C)

catastrophic insurance.

D)

none of the above.

Solutions

Expert Solution

Answer: Major medical insurance.

Major medical insurance covers medical costs beyond those covered by basic health insurance.
Catastrophe insurance: This type of insurance protects businesses and residences against natural disasters.
Premium insurance: This type of insurance also does not cover medical costs beyond those covered by basic health insurance.


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