Arkansas Life and Health Insurance Practice Exam

Which type of policy covers medical costs and disabilities caused by accidents or illnesses away from the workplace?

1. Comprehensive Major Medical

2. Group Health Insurance

3. Medicare

4. Workers' Compensation

The correct answer is: Comprehensive Major Medical

Comprehensive Major Medical is the correct answer because this type of policy covers medical costs and disabilities caused by accidents or illnesses away from the workplace. Comprehensive Major Medical insurance provides coverage for a wide range of medical expenses, including hospital stays, surgeries, prescription medications, and other healthcare services. Group Health Insurance typically covers employees and their families, but it is not specifically designed to cover medical costs and disabilities caused by accidents or illnesses away from the workplace. Medicare is a federal health insurance program primarily for individuals aged 65 and older, as well as certain younger people with disabilities. Workers' Compensation provides benefits to employees who are injured or become ill while on the job, and it does not typically cover accidents or illnesses that occur away from the workplace.