Which of the following is a primary feature of a major medical policy?

A primary feature of a major medical policy is its comprehensive coverage for a wide range of medical expenses. Major medical insurance is designed to provide extensive protection against high medical costs, covering various health-related services such as hospital stays, surgeries, specialized treatments, diagnostic tests, and outpatient care. This broad coverage is essential because it aims to protect policyholders from the financial burdens that arise from serious or unexpected health issues, which can be quite costly.

In contrast, other options do not reflect the core principle of major medical policies. Lower out-of-pocket costs, for example, may not be a defining characteristic, as major medical plans typically involve higher premiums and out-of-pocket expenses due to the comprehensive nature of the offered coverage. Exclusive coverage for preventive care is more aligned with certain types of health plans focusing on preventive services rather than major medical policies. Lastly, fixed benefit payouts are not indicative of major medical plans since such policies generally operate on a cost-sharing basis where actual medical expenses incurred are covered up to the plan limits rather than paying a set amount regardless of the actual costs.