Which of the following statements about Major Medical benefits is false?

Major Medical insurance is designed to provide comprehensive coverage for a wide range of medical expenses, typically more extensive than that offered by standard health insurance policies. One of the key characteristics of Major Medical benefit plans is that they often include both a maximum limit on benefits and certain cost-sharing provisions like deductibles and co-payments.

The statement that benefits have no maximum limit is false because, in practice, while many Major Medical plans do offer substantial benefits, they usually set overall maximum limits on the payout for covered expenses. These caps can be either annual limits or lifetime maximums and are crucial for managing the insurer's financial risk. Thus, it is correct to state that Major Medical benefits can include maximum limits, making the assertion that they have no maximum limit inaccurate.

In contrast, the other statements are accurate in describing the features of Major Medical insurance. Benefits having a per-condition maximum limit means that specific conditions might be limited in terms of how much will be paid for treatment. The subject to deductibles indicates that policyholders often need to pay a certain amount out-of-pocket before the insurance begins to cover expenses. The requirement for co-payments reflects the common practice of shared costs between the insurer and the insured, where the insured pays a portion of the cost for specific