1. A health plan offering broad coverage with high limits for a wide range of medical expenses is:

Major medical coverage

Major medical coverage provides broad benefits with high limits across a wide range of medical expenses.

2. A plan paying a flat daily amount for each day the insured is hospitalized, regardless of actual charges, is:

A hospital indemnity (fixed-rate) plan

A hospital indemnity plan pays a fixed dollar amount per day of confinement regardless of actual charges.

3. An HMO arrangement that pays a provider a fixed amount per member per month regardless of services used is:

Capitation

Under capitation, the provider receives a set amount per member each month regardless of services rendered.

4. A traditional plan that lets the insured choose any provider and pays a portion of each covered charge is a:

Fee-for-service (indemnity) plan

A fee-for-service or indemnity plan reimburses a portion of each covered charge and allows free provider choice.