All of the following statements about Major Medical benefits are true, EXCEPT:

Major Medical insurance is designed to cover a broad range of healthcare expenses, often providing substantial coverage options. However, one of the defining characteristics of many Major Medical plans is the existence of a maximum limit on the benefits that can be paid out over a given period, typically an annual limit or a lifetime limit. This limit is fundamental to controlling costs and managing risk for the insurer.

The other statements reflect key features of Major Medical policies. Coverage does typically include hospital care, recognizing the necessity of inpatient services for serious health issues. Additionally, both inpatient and outpatient services are included, ensuring that policyholders have access to a comprehensive range of medical care options, from surgeries requiring overnight stays to visits for routine check-ups. Furthermore, Major Medical plans generally have a cost-sharing structure, which includes deductibles and coinsurance, requiring insured individuals to share in the costs of their care. This structure helps to reduce the overall premium costs while encouraging responsible healthcare usage.

Therefore, stating that benefits have no maximum limit is not accurate within the context of typical Major Medical plans, as they are indeed subject to such limits to help manage risk and costs effectively.