Definitions for "Major medical insurance"
Related Terms:
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Insurance that covers most serious medical expenses up to a maximum limit, usually after a deductible and coinsurance have been met.
A form of health insurance covering expenses relating to a catastrophic illness or injury.
A type of health insurance that provides benefits for most types of medical expenses incurred up to a limit and subject to a deductible. Such contracts may contain internal limits and a percentage participation clause (sometimes called a co-insurance clause). A major medical policy pays expenses both in and out of the hospital.
That form of medical insurance designed to supplement a basic medical expense plan in the event of extraordinary medical expenses which the average person cannot pay without great hardship. There is usually a deductible or coinsurance or both involved.
Type of medical expense insurance that provides broad coverage for most of the expenses associated with treating a covered illness or injury.
A type of Health Insurance that provides benefits up to a high limit for most types of medical expenses incurred, subject to a large deductible. Such contracts may contain limits on specific types of charges, like room and board, and a percentage participation clause sometimes called a coinsurance clause. These policies usually pay covered expenses whether an individual is in or out of the hospital. (H) Managed Care A system of health care where the goal is a system that delivers quality, cost effective health care through monitoring and recommending utilization of services, and cost of services.
Health insurance intended to finance the expense of long-term, chronic or catastrophic illness. Covers inpatient and outpatient care, including the cost of x-ray treatment, tests, medicine, home and in-office medical care, psychiatric care and private nursing services.
A type of health insurance coverage that protects you against losses from catastrophic illness or injury. It provides extremely broad coverage with a very high maximum benefit.
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.
Health insurance designed to finance the expense of major illness and injury. Characterized by large benefit maximums ranging up to $250,000 or higher above an initial deductible, which reimburses the major part of all charges for hospital, doctor, private nurses, medical appliances, prescribed out-of-hospital treatment, drugs, and medicines. The insured person pays the remainder.
Health insurance to cover the cost of major illness and injury. It usually (1) has a benefit maximum up to $219,000 or no limit after an initial deductible, (2) pays a large part of all charges for hospital, doctors, private nurses, medical appliances, prescribed out-of-hospital treatment, drugs, and medicines. For example, you may have to pay 20% of the bills, while the insurance company pays 80%.
Health insurance that provides coverage for medical expenses resulting from accident or sickness. It is typically provided through employer, union, or association groups.
A type of medical insurance developed to meet the need for protection against a broad range of catastrophic medical expenses, whether incurred in or out of the hospital. The major medical expense benefit usually is subject to a deductible.
Health insurance to finance the expense of long-term, cronic or catastrophic illness. Covers inpatient and outpatient care, including the cost or xray treatment, test, medicine, home and in-office medical care, psychiatric care and private nursing services.
Health insurance to finance the expense of major illness and injury. Characterized by the large benefit maximums ranging up to $250,000 or no deductible, reimburses the major part of all charges for the hospital, doctor, private nurses, medical appliances, prescribed out-of-hospital treatment, drugs, and medicines. The insured person as co-insurer pays the remainder.
Insurance that covers the expenses related to hospitalization. Provides a fixed amount of money to be used throughout the lifetime of the insured.
A type of health insurance that provides benefits up to a certain limit for most types of medical expenses incurred. Usually, a major medical insurance policy carries with it a high deductible. It may also be referred to as a Major Hospitalization Policy.
A health insurance policy that pays for covered medical expenses up to a high maximum dollar amount, such as $1 million over the patient's lifetime. Most major-medical plans also have deductibles or co-payments.
A specific type of insurance which provides for coverage in case of extreme medical costs up to a maximum limit. Major medical insurance comes in a wide variety of policies that offer a range of deductible costs, coinsurance and coverage areas.
This health insurance finances the expense of major illnesses and injuries. It is characterized by large benefit maximums - ranging up to $250,000 - or no limit. The insurance, above an initial deductible, reimburses the major part of all charges for hospital, doctor, private nurses, medical appliances, prescribed out-of-hospital treatment, drugs and medicines. This insured person (as co-insurer) pays the remainder.
Health insurance that provides benefits for major illness and injury. Usually characterized by a large benefit maximum ranging up to $5,000,000.00, or no limit. This insurance, above an initial deductible, reimburses the major part of charges for hospital, doctor, private nurses, medical appliances, prescribed out-of-hospital treatment, drugs, and medicines.