Unveiling Your Insurance Benefits: A Comprehensive Guide to Insurance Benefit Summaries
An insurance benefit summary, often referred to as a summary of benefits or benefits in brief, is a concise yet comprehensive document provided by insurance companies to policyholders. It serves as a clear and accessible overview of the insurance coverage, detailing the benefits, limitations, and exclusions of the policy. For instance, a health insurance benefit summary would outline covered medical services, co-pays, deductibles, and out-of-pocket maximums.