Definitions for "Comprehensive Major Medical"
A plan of insurance which has a low deductible, high maximum benefits, and a coinsurance feature. It is a combination of basic coverage and major medical coverage which has virtually replaced separate hospital, surgical and medical policies with each having its own deductible requirements.
This type of insurance features a low deductible, high amount of maximum benefits as well as co-insurance. This insurance plan is a combination of major medical coverage and basic coverage and has grown in popularity to replace other policies, such as hospital and surgical policies.
A plan that covers hospital and medical-surgical services and other benefits, characterized by a deductible, coinsurance and maximum benefits.