When an insured has a major medical plan with first dollar coverage, how does this impact the benefits paid?
A. No deductible payment is required
B. An initial deductible plus a percentage of the remaining covered loss is owed by the insured
C. Deductible specified in the contract is payable by the insured
D. Insured must pay a percentage of covered losses
Answer (1)
A major medical plan with first dollar coverage pays for medical expenses from the first dollar spent without requiring a deductible. This means that the insured does not need to pay any amount out-of-pocket before benefits are received. Therefore, the correct answer is that no deductible payment is required. ;
