Insurance that provides benefits for most types of medical expenses up to a high maximum benefit. Such contracts often contain internal limits and usually are subject to deductibles and co-insurance
A health policy designed to help offset the heavy medical expenses resulting from catastrophic or prolonged illnesses or injuries. Generally, it provides benefit payments of 75"80 percent of all reasonable and customary medical expenses above the deductible amount that is paid by the insured, up to the maximum limit of liability and within the time period provided by the policy. (See also: comprehensive major medical insurance.)
A form of health insurance that provides benefits for most medical expenses up to a high maximum benefit. Such contracts may contain internal limits and are usually subject to deductibles and co-insurance.
Policies especially designed to help offset the heavy medical expenses resulting from catastrophic or prolonged illness or injury; they provide benefit payments for 70—80 percent of all types of medical treatment by a physician above a certain amount first paid by the insured person and up to the maximum amount provided by the policy—usually $500,000, $1 million, or more. Some policies are written without a maximum limit.
A form of health insurance that provides benefits for most types of medical expense up to a high maximum benefit, such as $250,000 or higher after a substantial deductible, such as $500 or more. Such contracts may contain internal limits and are normally subject to coinsurance.
Policies designed to help offset the heavy medical expenses resulting from catastrophic or prolonged illness or injury. They generally provide benefits payments for 75 to 80 percent of most types of medical expenses above a deductible paid by the insured.