All of these are characteristics of a major medical expense policy EXCEPT

• A. Deductibles
• B. Coinsurance
• C. Elimination periods
• D. Policy riders

Answer: (C)

Elimination periods are a waiting period before disability benefits begin. They are a feature of disability income policies, where benefits don’t start until after a certain number of days of disability. Major medical expense policies don’t use elimination periods; they focus on cost-sharing features like deductibles (you pay a set amount before benefits kick in) and coinsurance (you and the insurer share covered costs after the deductible). They can also include riders to add or modify coverage. So elimination periods don’t apply to major medical plans, making them the exception here.