Virginia State Life, Health and Annuities Practice Exam

A major medical policy is considered to be a comprehensive health policy because it provides extensive coverage for a wide range of healthcare services and expenses. This type of policy typically covers a variety of medical needs, including hospital stays, physician visits, preventive care, and prescriptions, often after a deductible has been met. Major medical policies are designed to protect individuals from high medical costs by covering the majority of expenses incurred during serious medical situations, which is a hallmark of comprehensive health coverage.

In contrast, a surgical policy focuses specifically on covering the costs associated with surgical procedures and may not provide coverage for a broader array of health services. A limited benefit policy offers restricted coverage and usually applies only to specific conditions or types of care, which does not align with the comprehensive nature of major medical coverage. Lastly, a health savings account (HSA) is not an insurance policy but rather a savings tool that allows individuals to set aside money for qualifying medical expenses, thus it does not provide comprehensive health insurance coverage in itself.