What type of benefits does the Indiana Guaranty Association cover for health insurance?

The Indiana Guaranty Association provides protection for policyholders in the event of an insurance company's insolvency. For health insurance, it covers both basic hospital, medical, and surgical benefits, as well as disability and long-term care insurance.

The coverage limit for basic hospital, medical, and surgical benefits is $500,000, making it a significant safeguard for those who depend on these essential health services. Additionally, the inclusion of $300,000 for disability and long-term care insurance ensures that individuals requiring support in these areas can also find some level of protection if their insurer fails.

Thus, when both types of coverage are combined, the correct answer reflects the comprehensive nature of the Indiana Guaranty Association's benefits under health insurance policies, justifying the selection of both options for a total coverage benefit.