Regular Medical Insurance Plans

Regular medical coverages provide compensation for the costs of doctors’ fees for services other than surgery. Although some forms of regular medical contracts limit coverage to fees for in-hospital visits only, most provide for a predetermined dollar amount such as $4 or $7 for doctors’ visits, regardless of whether these visits are in the hospital, in the doctor’s office, or at home. Under some contracts these benefits are payable only when the insured is disabled. Service plans usually provide for in-hospital benefits either with a maximum number of visits or with a maximum number of days. In order to obtain regular medical coverage, an insured usually is required to purchase either basic hospital protection or basic surgical protection or both. Major medical. Major medical insurance provides protection against catastrophic or large losses. This type of coverage has three distinguishing characteristics: large dollar limits, large deductibles, and coinsurance. Policy limits ranging from $5,000 to $25,000 are available for any one illness or policy year. In addition, the list of covered expenses is usually broader than under basic policies. Typically, the deductible provision is similar to that used in automobile collision insurance whereby the insured must pay a certain amount