Supplemental Major Medical Policies provide coverage after what type of expenses?

Supplemental Major Medical Policies are designed to provide additional coverage that kicks in after the limits of a basic health insurance policy have been reached. This means that they are specifically tailored to cover expenses that the basic policy has already addressed, subject to its coverage limits and out-of-pocket maximums.

The primary function of these supplemental policies is to bridge the gap left by the basic policy. When a policyholder has incurred medical expenses that exceed the benefits provided by the original plan, the Supplemental Major Medical Policy will step in to offer coverage for those additional expenses. This type of structure is particularly advantageous for individuals facing high medical bills that surpass their primary insurance coverage.

The other options address different aspects of healthcare expenses but do not accurately reflect the specific function of Supplemental Major Medical Policies. For instance, while all out-of-pocket expenses could refer to costs that a policyholder pays after insurance has been applied, not all of these would be covered by a supplemental policy since it applies only after the basic policy benefits. Similarly, general healthcare costs and expenses involving long-term care are broader categories that don’t align well with the specific intent of supplemental insurance, which is focused on covering extra costs after basic policy coverage has been used.