[Health Insurance] 8, Major Medical Insurance

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Major Medical policies provide broad coverage with high limits and are the most tested health policy type. - The correct calculation order for a claim is: total bill, minus the calendar-year deductible, then apply the coinsurance percentage. - The out-of-pocket maximum, also known as the stop-loss provision, is the absolute most a...