Which characteristic is NOT associated with Major Medical Expense contracts?

Major Medical Expense contracts are typically characterized by several specific features that make them prominent in health insurance. One notable characteristic of these contracts is that they often have high maximum limits on benefits. This means that the insurance will cover a significant amount of expenses associated with major health crises or long-term illnesses, providing peace of mind to policyholders.

Coinsurance is another common element in major medical plans. This feature requires policyholders to pay a percentage of the costs of their medical care after they have met their deductible. It helps to share the costs between the insurer and the insured, which is a fundamental aspect of major medical coverage.

However, blanket coverage, while it could be part of some insurance policies, is typically associated with different types of coverage, such as group insurance plans or specific event coverages rather than standard major medical expense contracts.

The characteristic that is not associated with Major Medical Expense contracts is fixed rates regardless of services. Major medical plans often have variable costs that depend on the types of services received, the overall healthcare needs of the insured, and the terms of the policy. This variability reflects the nature of health services, which can differ significantly in cost and necessity, as well as the structured framework of major medical contracts that provides comprehensive coverage for a wide range