Which term describes the services and products that health insurance covers?

The term that describes the services and products that health insurance covers is "benefits." In the context of health insurance, benefits refer to the specific healthcare services and items that are included in a health insurance policy. This can encompass a wide range of medical services, such as doctor visits, hospital stays, preventive care, prescription drugs, and various treatments.

Understanding benefits is essential for policyholders, as it outlines what health-related expenses will be reimbursed by the insurer and what the insured individual can expect to receive coverage for during their healthcare journey. Having a clear grasp of what benefits are included in a health insurance plan helps consumers make informed choices about their healthcare needs and understand the financial implications of their coverage.

The other terms are distinct concepts within health insurance. Coverage area relates to the geographic locations where a policy is valid, deductibles refer to the out-of-pocket amount a policyholder must pay before insurance begins to cover expenses, and exclusions are specific services or conditions that are not covered by the policy. Each of these components plays a critical role in the overall structure of health insurance but does not specifically define what services and products are covered, as benefits do.