PSI Ohio Insurance Practice Exam

Which policy offers benefits for in-hospital medical treatment and outpatient expenses?

1. Critical illness insurance

2. Disability income insurance

3. Hospitalization insurance

4. Major medical insurance

The correct answer is: Hospitalization insurance

The choice that offers benefits for in-hospital medical treatment and outpatient expenses is Major medical insurance. This type of insurance is designed to provide extensive coverage for a wide range of medical services, including inpatient hospital stays, outpatient procedures, surgery, and preventive care, which makes it a comprehensive choice for addressing both the expenses incurred during hospitalization and those related to outpatient care. In contrast, critical illness insurance focuses on providing a lump-sum benefit when a policyholder is diagnosed with a serious condition, rather than covering day-to-day medical expenses. Disability income insurance serves to replace a portion of income lost due to the inability to work caused by a disability, and does not cover medical treatment expenses directly. Hospitalization insurance primarily provides coverage for costs associated with a stay in the hospital but may not adequately address outpatient expenses or broader medical treatment costs. Therefore, Major medical insurance is the most comprehensive option that effectively addresses both in-hospital and outpatient medical expenses.