Abstract
Several years ago 1 presented to the Society a paper describing the coverage and the methods of rate calculation for Prolonged Illness Insurance developed by the Massachusetts Hospital Service, Inc. and the Massachusetts Medical Service. About two years later there was introduced by these organizations a plan of coverage designated as Master Medical coverage. This plan in its current form is a single contract issued by both organizations which provides an unlimited period of hospital coverage with a specified room and board allowance and the entire amount of the hospital's maximum charges for included services in other than private accommodations in a licensed general, maternity or acute contagious disease hospital, and sixty days in a licensed mental hospital. Services of a private duty nurse are covered when ordered by attending physicians at 80% of customary charges with a limit of $1,000 for conditions other than serious illnesses.
Volume
XLVIII
Page
121-130
Year
1961
Categories
Business Areas
Accident and Health
Publications
Proceedings of the Casualty Actuarial Society