What was a significant advancement of Major Medical Expense Plans?

The significant advancement of Major Medical Expense Plans is that they developed from basic hospital expense policies. This evolution allowed these plans to provide more comprehensive coverage for a broader range of health care services beyond just hospital expenses. Major Medical plans were designed to cover large amounts of medical expenses, which were not fully addressed by earlier, more limited plans. As a result, they generally provide higher coverage limits and can include benefits for outpatient services, prescription drugs, and more complex medical needs, unlike their predecessors which primarily focused on hospital stays.

The advancement represents a response to the healthcare market's demand for more robust and comprehensive protection against the financial burden of serious illnesses and injuries, which were not adequately covered by basic plans. This transformation aimed to better meet the needs of consumers facing rising healthcare costs.