Which type of insurance provides benefits for expenses incurred as a result of hospitalization, surgical procedures, and outpatient expenses?

Which type of insurance provides benefits for expenses incurred as a result of hospitalization, surgical procedures, and outpatient expenses?

• A. Life insurance
• B. Medical expense
• C. Disability insurance
• D. Property insurance

Answer: (B)

Medical expense insurance is designed specifically to cover the costs associated with medical care, which includes expenditures incurred during hospitalization, surgeries, and outpatient services. This type of insurance typically pays for various healthcare services, ranging from routine doctor's visits to emergency surgeries, ensuring that individuals can manage their medical expenses without incurring heavy financial burdens. Life insurance, on the other hand, provides a payout to beneficiaries upon the insured's death, rather than covering healthcare costs, while disability insurance offers income protection if an individual becomes unable to work due to a disability. Property insurance is focused on covering physical assets, such as homes and personal belongings, rather than healthcare-related expenses. Therefore, medical expense insurance is the appropriate choice for covering hospitalization and surgical expenses.

Medical expense insurance is designed specifically to cover the costs associated with medical care, which includes expenditures incurred during hospitalization, surgeries, and outpatient services. This type of insurance typically pays for various healthcare services, ranging from routine doctor's visits to emergency surgeries, ensuring that individuals can manage their medical expenses without incurring heavy financial burdens.

Life insurance, on the other hand, provides a payout to beneficiaries upon the insured's death, rather than covering healthcare costs, while disability insurance offers income protection if an individual becomes unable to work due to a disability. Property insurance is focused on covering physical assets, such as homes and personal belongings, rather than healthcare-related expenses. Therefore, medical expense insurance is the appropriate choice for covering hospitalization and surgical expenses.