If M has a Major Medical Insurance policy with a $200 deductible and incurs a $2,200 claim, how much will M receive for that claim?

For a Major Medical Insurance policy, the deductible amount is the portion of a claim that the insured must pay out-of-pocket before the insurance company begins to cover the remaining costs. In this case, M has a $200 deductible.

When M incurs a $2,200 claim, the first step is to subtract the deductible from the total amount of the claim. So, we take the $2,200 claim and subtract the $200 deductible, which equals $2,000. This is the amount that the insurance policy will cover.

Given that the question does not specify any coinsurance or additional limitations, it can be safely determined that M will receive the amount covered after the deductible is applied. Therefore, M will receive $2,000 for that claim, making the correct answer $2,000.

Understanding the role of the deductible in health insurance is crucial; it establishes how much the insured will initially bear both financially and in terms of risk before the insurer contributes to the cost of claims.