major medical(redirected from Major medical expense(s) insurance, major medical insurance)
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Insurance that covers all or most of the medical bills engendered by major or prolonged illnesses above a set amount.
The American Heritage® Medical Dictionary Copyright © 2007, 2004 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.
major medicalA health insurance policy or “rider” (extension to an insurance policy) that finances medical expenses incurred in injuries, catastrophic events or prolonged illness, providing benefit payments above the base amount paid by the insurance company—up to a specified upper limit for most types of medical expenses incurred—and subject to a large deductible.
Such contracts may contain limits on specific types of charges, such as 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 hospital.
Segen's Medical Dictionary. © 2012 Farlex, Inc. All rights reserved.
major medicalMajor medical expense(s) insurance Managed care
A health insurance policy or 'rider'–extension to an insurance policy–that finances medical expenses incurred in injuries, catastrophic or prolonged illness, providing benefit payments above the base paid by the insurance company
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.