What Do Dread Disease Policies Cover Quizlet - Final License Exam Quizlet Flashcards.

This pay-out can be used to cover medical expenses not covered by a medical aid, especially out of hospital expenses, or to pay basic living expenses while the insured recuperates. Within how many days must a rollover be completed in order to about being taxed as current income? 1. cover only specific diseases as named in the policy, such as heart disease, kidney failure, or cancer Ad and Cookie Policy; Quizlet for Schools; Language. Dread disease policies are usually sold through the mail, in newspapers, magazines, or by door-to-door people (option d. D) Single indemnity protection. Study with Quizlet and memorize flashcards containing terms like A medical insurance plan in which the health care provider is paid a regular fixed amount for providing care to the insured and does not receive additional amounts of compensation dependent upon the procedure performed is, An applicant has a history of heart disease in his family, so he would like to buy a health insurance policy. You do not have to include it on your Hospital Plan but if you do you will need to include the Illness Hospitalisation benefit first. For example, a Dread Disease policy may cover diseases like cancer, heart attack, stroke, and organ transplant among others, depending on the specific terms outlined in the policy. To some extent the marketing of these contracts was insensitive and preyed on people's fears in a …. However, some policies may offer the option to claim multiple times for different illnesses, subject to certain conditions. This is without the need for any further medical. A limited dread disease policy most likely would cover: Dread disease policies are a type of limited policy that covers specific catastrophic. While medical aid and gap cover would pay for the medical bills, such as doctors and hospital fees, dread disease …. For example, you might be surprised to learn that most policies cover stuff that’s stolen outside of your home. Study with Quizlet and memorize flashcards containing terms like Julia has a policy that excludes any type of sickness or disease and covers only accidents as a peril. Definition of 36 Critical Illnesses or Dread Diseases in Insurance Policy. Both are involved in a fatal accident where K dies before P. Study with Quizlet and memorize flashcards containing terms like Accident (unintentional) Sickness (other than accident), Pre-Existing Conditions, Hospital/Medical Expense Didability Income Dental Expense Long-term Care and more. No type of health insurance covers: A) Accidental dismemberment. Before you head to the airport, double-check that your mask doesn't have an exhaust valve. With a maximum limit up to R196 100 per. Dread Disease Policies – Often called “cancer policies,” dread disease policies cover one or more dread disease: cancer, heart disease, or other major malady. Study with Quizlet and memorize flashcards containing terms like A basic Hospital policy pays for surgical services. ammo price tracker 9mm Study with Quizlet and memorize flashcards containing terms like Which of the following dental insurance categories would cover the filling of cavities? a- This type of work is not covered. , Which type of policy allows the policyowner to renew the policy to a stated age. The diagnosis must be made by and upon a tissue specimen, culture, and/or titer. Dread disease policies typically cover a predetermined list of critical illnesses, which may include cancer, heart attack, stroke, kidney failure, organ transplant, and major organ failure, among. Ad and Cookie Policy; Quizlet for …. What do Dread Disease policies cover? A. d) The agent accepts a premium payment after the end of the grace period. The focus of major medical insurance is providing coverage for. Insuring the valuable purchases we make or possessions we acquire is always a good idea, and boats definitely fall into the category of valuable possessions. AND Under ACA, the price of a health care policy is to be determined by supply, demand, geographic location, and competition. Amy has a group medical policy through her employer with a $500 deductible and a 90% coinsurance provision. Dread Disease policies, also known as critical illness insurance, primarily cover a predefined list of severe illnesses. 6 - 10), so you can be ready for test day. Study with Quizlet and memorize flashcards containing terms like Credit disability (health) insurance covers, Dread Disease Policies, Melissa was involved in an accident that left her unable to work for an extended period of time. This course typically covers topics s. indicates a preexisting condition. Study with Quizlet and memorize flashcards containing terms like The waiting. 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A) Health insurance benefits paid in advance to providers of health care services B) Health benefits paid before the expenses are incurred C) Life insurance cash values paid in a lump sum to the beneficiary D) Life insurance death benefits paid before the death …. An applicant has a history of heart disease in his family, so he would like to buy a health insurance policy that strictly covers heart disease. Study with Quizlet and memorize flashcards containing terms like accident, sickness, hospital & med bills policy and more. 15,000 times 20% equals 3,000 3000-5000 equals 2000 5000 plus …. north nj craig Dread disease riders are added to life insurance policies to help cover the costs of a critical illness. Study with Quizlet and memorize flashcards containing terms like Which statement is NOT correct about utilization reviews? A. MetLife individual dental insurance policies typically cover four areas of dental treatment: preventive care, basic care, major procedures and orthodontia, according to the Univers. A specified disease policy is supplemental coverage that insures a policyholder against a specific set of diseases or a single type of disease as written in the health insurance policy. a dread disease policy is considered to be a type of: limited health insurance policy. Repay loans if an employee cannot work. Our Dread Disease Insurance comes with a range of benefits specifically designed for women. amc brick Dread disease policies cover diseases that are not frequent but result in high costs when they occur, such as severe illnesses like cancer or heart disease. funded by admitted insurance companies through assessments. stone and gravel company near me Flashcards; Test; Learn; Solutions; Q-Chat: your AI tutor. T-Mobile insurance, Premium Handset Protection, provides device replacement coverage for accidental damage; malfunction due to a mechanical breakdown, loss and theft. The correct answer is "require evidence of insurability". Dread disease policies A)are a good replacement for general health insurance B)cover specific diseases as named in the policy, such as heart disease or cancer C)cover any disease defined by the ADA as a dread disease D)are purchased to cover a variety of conditions that fall under the category of dread diseases. Study with Quizlet and memorize flashcards containing terms like Which of the following costs would a Basic Hospital/Surgical policy likely cover? - Surgically removing a facial birthmark -Care given at a nursing home -Treating a wound from a soldier injured at war - Lost income caused by a hospital stay, Which of the following phrases refers to the fees …. a crime committed by the insured. insured is expected to be confined to a nursing home for life. Newborn child coverage requirements do NOT apply to the following policy types: Accident only, dread disease, home health care, Medicare supplements . limited health insurance policy. A survivorship life policy, or second-to-die policy, pays life insurance proceeds on the death of the second insured. The addendum specifies welche illnesses the policy will cover and the payout a used to offset the costs assoziiert with the treatment. -Exceptions include: -Pays a lump sum to the insured upon the diagnosis of a critical illness. A dread disease policy is considered to be a type of. Her policy has the following limitations: 80/20 coinsurance, $1,000 deductible, $25,000 Stop-Loss clause, and a $3,000,000 lifetime benefit limit. the cash value of the policy decreases over time B. Each policy covers a wide range of …. This policy is designed to help you cover the costs associated with medical treatment, rehabilitation, and other expenses that may arise during your recovery. The specific illnesses covered vary by policy …. Study with Quizlet and memorize flashcards containing terms like Dread disease policy covers, Health policies provide for a period after the premium due date, during which they will remain in force, if unpaid. An insurance company must act on an Accident and Health insurance application for reinstatement within ___ days. Benefits of travel accident insurance are limited to. If you're planning to fly during the pan. Limited coverage policies, such as dread disease policies, only cover specific medical costs, geared towards a …. What type of policy is this? A: Dread Disease coverage. AKA "Limited risk policies" or "dread disease policies" Provides coverage for certain illnesses (mainly cancer) Hospitalization Expense. Mar 21, 2021 · Critical illness insurance, also known as catastrophic illness or dread disease insurance, is an additional health insurance policy that can help cover the exorbitant costs of serious maladies. nfl all time draft simulator kindly please update me on my policy with assupol. Explain the gatekeeper concept. Workers' compensation is a state program that provides benefits for. , Group health insurance plans comprise about 90 percent of all health insurance issued by health and life insurance companies, You can only buy group health insurance if you have a …. A dread disease policy is considered to be a type of limited health insurance policy. Study with Quizlet and memorize flashcards containing terms like Which of the following types of health insurance covers the cost providing non-medical custodial care to individuals with cognitive problems?, all of the following are characteristics of a group health insurance plan EXCEPT, All of the following are common exclusions in health insurance …. Eliminates people only buying health insurance when they find out they're ill. A few weeks later, E suffers a heart attack and is hospitalized without. What is a Dread Disease Policy? A Dread Disease Policy, also known as critical illness insurance or serious illness coverage, is a type of insurance that provides a lump sum payment if you are diagnosed with a specified critical illness. Study with Quizlet and memorize flashcards containing terms like Long-term care, medicaid, interest adjusted index and more. A limited number of situations as described in the policy itself. 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Permanent CI does not expire unless requested by the client, or failure to pay. , Group health insurance plans comprise about 90 percent of all health insurance issued by health and life insurance companies, You can only buy group health insurance if you have a family. Under the new credit disability plan that he purchased at the time he picked up the car, the …. They play upon unrealistic fears D. For lapsedHealth insurance policy?, Other insurance in this insurer, The elimination period In a disability income insurance policy. Study with Quizlet and memorize flashcards containing terms like If an agent misleads or fails to adequately disclose the title and true nature of a policy offered to a potential insured, it may be considered A. Julia probably has, A type of group insurance where the group members are identified as all the persons engaged in a similar activity is known as and more. Generally, these policies cover illnesses that do not occur frequently but incur significant costs when they do occur. Dread disease riders on life insurance policies only cover the conditions. Major medical insurance will typically cover medical expenses that result from. Covers one, or one type, of catastrophic illness specified in the policy such as cancer or heart disease. Most Dread Disease Policies provide a one-time lump sum payment upon diagnosis of a covered critical illness. Pays lost wages while insured is hospitalized d. In the past only cancer, heart attacks, by …. Disability can cause even greater financial problems than death. Benefits may be paid on a reimbursement or indemnity basis. Health coverage becomes effective when the. Purchased to cover specific diseases such as heart disease or cancer. Study with Quizlet and memorize flashcards containing terms like What kind of life insurance beneficiary requires his/her consent when a change of beneficiary is made? *Irrevocable beneficiary *Tertiary beneficiary *Primary beneficiary *Revocable beneficiary, When can a policyowner change a revocable beneficiary? *Anytime *After the consent of …. Study with Quizlet and memorize flashcards containing terms like Insurance plans are commonly offered through the worksite (employer sponsored) EXCEPT?, In which type of insurance is individually purchased coverage commonly more economical than group offered coverage?, Which of the following is considered the major advantage of HIPAA? and more. Study with Quizlet and memorize flashcards containing terms like Ralph, Jerry, and Paula are primary and equal beneficiaries of the $600,000 insurance policy on the life of their mother, Judy. That’s why dread disease cover is one of the most important health policies. - At least 180 days' hospital room and board in full. Study with Quizlet and memorize flashcards containing terms like Which of the following does specified disease insurance NOT cover? costs covered by medical expense insurance medical expenses that are noncovered incidental costs out-of-pocket expenses, Allen has a disability income policy with a $2,500 monthly benefit and a 30-day …. The Dread Disease List covers a range of different cancer types, including lung cancer, breast cancer, colon cancer, cervical cancer and prostate cancer. Accelerated Death Benefit (ADB): An accelerated death benefit (ADB) is a benefit that can be attached to a life insurance policy that enables the policyholder to receive cash advances against the. was big meech shot 18 times Base Plan Critical Illness Policy An AD&D Rider will pay a death benefit in each of the following fatal situations EXCEPT: Select one: a. 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Comprehensive and relevant protection throughout your policy term Discovery’s Severe Illness Benefit, available across our full range of Life Plans, covers all major body systems and automatically covers you for multiple claims. Xcelsolutions - Pearson Learn with flashcards, games, and more — for free. Knowing that major dental problems won't also become monetary catastrophe. Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT covered under a long-term care policy?, Which of the following would be considered a routine procedure?, Which type of dental treatment addresses the supporting tissue of teeth? and more. , Which type of policy allows the …. Study with Quizlet and memorize flashcards containing terms like The benefits under a disability buy out policy are, Variable, An employer that offers a qualified retirement plan to its employees is eligible to and more. Which of the following is an example of a peril. Because of the low frequency of the disease covered, these policies are often fairly inexpensive in. An insured has a stop-loss limit of $5,000, a deductible of $500, and an 80/20 coinsurance. Study with Quizlet and memorize flashcards containing terms like An insured is protected from the expense of a catastrophic illness by which of the following health insurance provisions?, health insurance policies typically contain provision stating that insureds and their insurer will share covered losses in an agreed proportion. including strokes, coma, liver failure, kidney problems, and paralysis. Which of the following policies would cover a student pilot taking flying lessons? Limited Risk Special Risk Dread Disease Long-Term Care. Dread Disease insurance is also called Critical Illness insurance, or Specified Disease insurance. The most the Insurance Guaranty Association will pay for net cash surrender values is. Dread Disease coverage covers things that a lot of other health policies will not. How much severe illness cover do I need? Most people choose to have at least R350,000 of cover, or about six months of income (after tax but before other deductions) if that’s higher. To reduce your premium, you may want to choose this option, which means any claim for disability or critical illness will pay out from your death cover total sum insured. Your policy includes cover for up to four children for certain. Study with Quizlet and memorize flashcards containing terms like Which of the following correctly explains the actions an agent should take if a customer wants to apply for an insurance Policy?, what is issued to each employee of an employer health plan?, Which Long Term Care insurance statement is true? and more. 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Study with Quizlet and memorize flashcards containing terms like What is the major reason that insurance regulators are often critical of dread disease insurance policies?, Which of the following is the most common method to supplement Medicare coverage?, Which plan is most commonly paired with a High Deductible Health Plan? and more. For a typical dread disease policy that covers the 30 specified dread diseases: There is a 90-day waiting period for these four dread diseases: Major Cancers, Heart Attack, Coronary Artery By-pass Surgery, and Angioplasty & Other Invasive Treatment for Coronary Artery. Once she has met the deductible, the policy will cover the full cost of her visits. Also called a noncancellable and guaranteed renewable policy. Study with Quizlet and memorize flashcards containing terms like a deductible is a set amount you must pay towards medical expenses before the insurance company pays benefits, A PPO is a group of doctors and hospitals agree to provide health care at rates approved by the insurer, a flexible spending account (FSA) is funded by an employer …. ) An insurance company incorporated under the laws of the state in which its home office is located is called a(n) ____ company. Study with Quizlet and memorize flashcards containing terms like What type of policy would only provide coverage for specific types of illnesses (cancer, stroke, etc)? MEWA blanket insurance dread disease insurance disability insurance, A dread disease policy is considered to be a type of hospital expense policy group health insurance policy major …. 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Study with Quizlet and memorize flashcards containing terms like Which of the following is NOT required in the Outline of Coverage for a health insurance policy?. Over many years, the majority of managed mutual funds have failed to outperform the Standard & Poor's 500 stock index. Examples of medical expense insurance are Medicare supplement insurance and long-term care insurance. red cross phlebotomy job insurer does not have to pay the claim. What's covered under a trauma insurance policy and medical definitions. A major medical policy could cover these illnesses …. How much of this claim is the …. Your 1Life Dread Disease Cover policy includes the following great benefits: Guaranteed Assurability: As your life changes so do your insurance needs. The claim rate for dread disease policies increased rapidly beginning at age 40 for both cancerous and non-cancerous diseases amongst male insureds. Protect against death expenses. Catastrophic Illness Insurance: A type of insurance that protects the insured, in the event of specified major health events, during a defined period of time. How much will the insured have to pay? $500. These pay out if you are diagnosed with a critical illness, or you die, whichever happens first. Study with Quizlet and memorize flashcards containing terms like Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? A. A limited health insurance policy provides limited coverage for specific injuries or illness— such as travel accidents, dread diseases and hospital income. A proposed insured for a health insurance policy was treated for heart disease within the past year. 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Ex: If you have to go to a clinic in another state, this would cover not only the medical expenses, but expenses such as travel, food, lodging, extra treatment, and other out of the ordinary things Premium - $37/month. , An approach in which a certain amount of "points" are assigned to a procedure based on an amount relative to a maximum cost for similar procedures in that geographic area. , T/F: With a guaranteed renewable provision in a health insurance policy, the insurer is permitted to raise premiums for all members of a group. We explain the Tag luggage warranty policy, including how long the warranty lasts, what it covers, and how to file a claim. Is one of the most important policies you should consider buying aside from the medical and hospitalization cover. Fixed dollar amount upon diagnosis (ex. Medical Expense Insurance would cover. A; Major medical plans have high maximum benefits such as $1,000,000 or $2,000,000. Terms in this set (57) Group health insurance is characterized by all of the following EXCEPT. We would like to show you a description here but the site won’t allow us. Other illnesses that may be covered include Parkinson's …. Study with Quizlet and memorize flashcards containing terms like 150 days, Dread disease coverage, All providers will have the same coverage options and conditions for each plan and more. provides financial protection against the cost of medical care by reimbursing the insured, fully or in part, for these costs, called reimbursement plans. We may be compensated when you click on pr. Study with Quizlet and memorize flashcards containing terms like What type of policy would only provide coverage for specific types of illnesses (cancer, stroke, etc)? MEWA blanket insurance dread disease insurance disability insurance, A dread disease policy is considered to be a type of hospital expense policy group health insurance policy major medical insurance policy limited health. Characterized by limited benefit periods and relatively low coveragelimits. Study with Quizlet and memorize flashcards containing terms like What are Medicare Parts A, B, C, and D?, Who must pay a premium for Medicare Part A? For Medicare Part B?, What are the main health care services and products not covered by …. A) Major medical insurance will typically cover medical expenses that result from. Start learning today with our online flashcards, games and expert-written solutions. Although surgical procedures do not technically represent a disease, these four cases have been classified as the “basic four” dread diseases (see Baars and Bland, 1993). We’ve highlighted four things to check on your life insurance policy when you get divorced. Condition: Brain Tumour Benefit Paid: 25% of Dread Disease Cover benefit Mr Nkosi’s policy was in force for 4 months when he was diagnosed with a brain tumour. Study with Quizlet and memorize flashcards containing terms like T/F: All group health insurance plans provide the same level of protection. Study with Quizlet and memorize flashcards containing terms like nonroutine dental care, traditional dental coverages 100%, dental care insurance exclusions and limitations and more. Study with Quizlet and memorize flashcards containing terms like A life insurance policy owner may sell their policy to a _____ in order to receive a percentage of the policy's face value. K buys a policy where the premium stays fixed for the first 5 years. Expense policies that cover hospital room and board, and miscellaneous hospital expenses, such as lab and x-ray charges, medicines, use of operating room and supplies while the insured is confined in a hospital. Study with Quizlet and memorize flashcards containing terms like Which type of life policy can be continued year after year without a required medical examination but rates are dependent on the insured's current age?, Which is true about a decreasing term life policy? A. Health insurance is a form of protection that eases the financial burden people may experience as a result of someone's death. Each dread disease policy will have full details of all the diseases covered. They determine coverage for medical issues arising in the future. allow the converted policy to exceed 75% of the original group life amount. All of the following are correct about the required provisions of a health insurance policy EXCEPT. losses caused by accidents while traveling, usually by common carriers such as airlines or bus lines. Once the claim has been paid, you. Life assurance companies that believe a dread disease policy should pay out the full insured amount on diagnosis of a severe illness say most claims are for milder forms of one of the four most. What type of policy is this? Dread disease coverage; Limited coverage policies, such as dread disease policies, only cover specific medical costs, geared to a particular illness, such as cancer, or a. An accelerated death benefit rider, also known as a terminal illness rider, is a life insurance policy add-on that allows you to access your policy's death benefit before you die if you're diagnosed with a qualifying serious illness — typically a terminal one. Limited policies and often referred to as dread disease policy. covers multiple illnesses, and pays lump-sum benefit to the insured upon the diagnosis of any of the illnesses covered by the policy. Hospital Income/Hospital Indemnity. Also know as a dental health maintenance organization, a capitation plan offers comprehensive dental care through specified dentists. Specified (Dread) Disease Limited Policy. Study with Quizlet and memorize flashcards containing terms like Problems with the health care system in the United States that led to implementation of the Affordable Care Act included Rising healthcare expenditures Considerable waste and inefficiency in the healthcare system A) I only B) II only C) both I and II D) neither I nor II, The Affordable Care Act requires that most U. Her health policy most likely contains a(n) stop-loss provision deductible copayment out of pocket provision, All of the following are qualifications for establishing a health savings account (HSA) EXCEPT Enrolled in a high deductible. Provide payments to make up for some income of a person who cannot work as a result of injury or. 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It is important for all individuals and families to purchase supplemental insurance policies, such as accident policies, dread disease policies, and hospital income policies, since the benefits outweigh the costs. Georgia has a health insurance policy that includes a deductible of $500. Benefits are usually paid to the policyholder in a lump sum. P, Q, and R are involved in a car accident and Q and. Most common example of a dread disease policy - it provides benefits to cover the expenses of testing for and treating cancer Specific type of accident only policy covers accidental injury or death. What do Dread Disease policies cover? A representation. Budget Dread Disease Insurance quotes. What is the major reason that insurance regulators are often critical of dread disease insurance policies? Buyers often think they are getting broader coverage . A life policy loan in Florida cannot charge a fixed rate of interest higher than 7% 8% 9% 10%. Julia probably has, George's brother, Jerry, has a policy that will provide him an income if he is disabled from an illness or injury, but only if he is confined to a hospital. Limited health insurance policy. This policy is not a substitute for medical scheme membership. An insured has a health plan that pays established amounts in accordance with a list of injuries, surgical procedures, or other losses. You can use the benefit to pay for treatment, recovery or transportation costs associated. Your out-of-pocket expense is your $20,000 plus the $100 of the deductible. When an insurance application is taken by a producer, which of these statements is true? Any changes made on the application require the applicant's initials. * Insurance that pays non-medical expense cover as a result of hospitalisation. Study with Quizlet and memorize flashcards containing terms like Pennsylvania law requires that an insurer must notify the Commissioner of a producer appointment termination, A Pennsylvania temporary producer license may be issued or a period not to exceed, Violating Pennsylvania insurance law may result in which of the following …. Covers illness but not accident b. Limit out-of-pocket expenses to no more than $3,000 to $5,000 per year. Ad and Cookie Policy; Quizlet for Schools; Language. They are temporary insuring agreements. Hospital indemnity – A hospital indemnity plan provides a daily benefit for each day you are hospitalized — and this is paid without regard to the hospital expenses incurred. A hospital indemnity policy will pay. -You pay a premium to the insurer & they pay most of your medical costs. Study with Quizlet and memorize flashcards containing terms like What do Dread Disease policies cover?, T and S are named co-primary beneficiaries on a $500,000 Accidental Death and Dismemberment policy insuring their father. river sweepstakes kiosk locations Contributory plans require a minimum of 25 participants. Study with Quizlet and memorize flashcards containing terms like Terry's policy covers accidents immediately, but he must wait 10 days for coverage for sickness. They cover diseases that are already covered if you are. blueycapsules in order Usual, Reasonable and Customary charges. Study with Quizlet and memorize flashcards containing terms like Dread disease policies, Julia has a policy that excludes any type of sickness or disease and covers only accidents as a peril. The payment (or "benefit") is paid directly to you, and you can use the money for whatever you need. D) These policies are usually sold through the mail, in newspapers, and magazines, or by. Life and Health Learn with flashcards, games, and more — for free. Usually written under a group contract, includes coverage for hospitalization, surgery, physicians, and major medical protection in a single policy. When evaluating a mutual fund, an important consideration is how long the present fund manager been managing the fund. March 17, 2019 41 Comments by KCLau. open houses mount vernon wa Dread disease cover offers lump sum pay-outs for various dread diseases and the pay-outs may differ depending on the severity of the dread disease when it is diagnosed. When applying for health insurance, the heart disease treatment, Which of the following is NOT included under a health benefit plan? and more. The insurer may have a list of critical illnesses they will cover. 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This health insurance provision lets your insurer make direct payments to your doctor or hospital. vintage dresser for sale near me If adopted, the government's new policy will give them social security, better salaries, and maternity benefits. Since medical bills would be paid by the insurance fund, doctors would more often be consulted when the first signs of disease occur instead of when the disease has become serious. Question: Which of the following is INCORRECT about dread disease policies?Multiple ChoiceThey are illegal in many states. Study with Quizlet and memorize flashcards containing terms like "What are accelerated benefits? A) Health insurance benefits paid in advance to providers of health care services B) Health benefits paid before the expenses are incurred C) Life insurance cash values paid in a lump sum to the beneficiary D) Life insurance death benefits paid before the death of an insured with a terminal illness. 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A specific disease or illness. Critical illness insurance will provide you with a fixed amount of money (lump sum payment) once any one of the 36 specified critical illnesses is diagnosed. Adversion selection - if an insurer issues a group health insurance policy, they must cover everyone in the group under the master contract. When applying for health insurance, the heart disease treatment. Study with Quizlet and memorize flashcards terms like Kate has a Major Medical Plan with a 75/25 coinsurance and a deductible of $25. (is a type of cancer and would be covered under a critical illness plan) 1,600. what type of policy is this? Dread Disease Coverage. A) more areas than basic medical expense. Income lost by the insured's inability to work. LIMITED: cover specific accidents or diseases COMPREHENSIVE: covers all sickness or accidents that are not specifically excluded. Dread disease or specified disease policies can be purchased to cover a specific disease, such as cancer or heart disease. calendar year deductible: is paid before any benefits are paid in a calendar year. Specified amount of money that the insured must pay for covered medical expenses before the insurance policy begins to pay.