major medical insurance

major medical insurance

insurance coverage designed to offset the costs of prolonged or catastrophic illness and injury. Most major medical insurance policies are written to pay a certain percentage of costs up to a predetermined figure, beyond which payment is in full up to a maximum amount, at which point payment ceases. Many require the insured to pay a specified initial, or deductible, amount.
References in periodicals archive ?
Demand expanded health savings accounts and universal availability of major medical insurance.
An earlier study by the CDC found a declining use of private major medical insurance and rising uninsurance rates among middle-income Americans.
Regardless of whether an individual has major medical insurance through his or her employer or through an ACA exchange, gaps in coverage may still exist.
Between 2001 and 2007 the firm had abandoned small-group health insurance, individual major medical insurance, variable life insurance and annuities and group health insurance.
The SIPA bill could help employers with small self-insured plans get stop-loss insurance from entities other than major medical insurance providers, by blocking state efforts to apply major medical insurance rules to small stop-loss arrangements.
The recent voluntary products, such as accident, cancer, critical illness and hospital confinement, emerged to help fill gaps not covered by major medical insurance," says Rich Williams, senior vice president, growth markets, for Colonial Life in Columbia, South Carolina.
Bupa Arabia, a major medical insurance provider in Saudi Arabia, has signed a health care partnership with Ittihad Football Club (FC), a prominent local and regional football club in Saudi Arabia.
Drafters of PPACA created the reinsurance program in an effort to protect issuers of individual major medical insurance against a flood of seriously ill enrollees.
It does not provide basic hospital, basic medical, or major medical insurance.
We have joined hands with all major medical insurance providers in Oman and the list is growing.
Hispanic market, in January created a private client division to focus primarily on selling individual, high-deductible major medical insurance policies to wealthy people in Latin America and the Caribbean.
Many Americans who filed for bankruptcy were covered by major medical insurance, which underscores the fact that major medical insurance does not always guarantee a family's protection from financial devastation.