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Major Medical Expense Policies are designed to cover a broad range of medical expenses, making them an essential part of healthcare insurance. The statement that they can supplement Basic Medical or exist as a stand-alone policy accurately reflects the nature and versatility of these policies. Major Medical policies typically offer higher coverage limits and a wider array of benefits than Basic Medical policies, which are often more limited in scope.

This flexibility allows policyholders to either enhance their Basic Medical coverage with a Major Medical policy or to rely solely on Major Medical coverage for comprehensive protection. The ability to function independently or in conjunction with Basic Medical coverage serves to provide a more robust safety net for individuals facing significant medical expenses.

When considering the other options, the inability to purchase Major Medical policies as group policies is incorrect, as many employers offer group major medical insurance to their employees. Claiming unlimited benefit periods is misleading because most Major Medical policies do impose certain limits on benefits over time, even if they offer significantly more coverage than Basic plans. Lastly, asserting that they only cover outpatient expenses is not accurate; Major Medical policies typically cover both inpatient and outpatient services, reflecting a comprehensive approach to healthcare costs.