1. A traditional fee-for-service health plan that reimburses providers or insureds for each covered service is a(n):

Indemnity plan

A traditional indemnity (fee-for-service) plan pays for each covered service, generally letting the insured choose any provider.

2. A health plan feature that provides broad coverage for large medical expenses, subject to a deductible and coinsurance, is:

Major medical coverage

Major medical coverage provides broad protection against large medical expenses, applying a deductible and coinsurance.

3. An employer-funded account that reimburses employees for qualified medical expenses under terms the employer sets is a:

Health reimbursement arrangement

A health reimbursement arrangement is funded solely by the employer to reimburse employees for qualified medical expenses, on terms the employer sets.

4. Many indemnity plans limit payment for a procedure to the usual, customary, and reasonable charge, meaning the insurer pays based on:

The prevailing fee for that service in the geographic area

A usual, customary, and reasonable limit ties payment to the prevailing charge for similar services in the same geographic area.