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 ?
Many expenses such as transportation, child care and lost income due to missing work are not covered by your major medical insurance.
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.
com) today confirms that their investor, the Primary group, subject to relevant approvals, has reached an agreement to acquire Best Doctors Insurance, a major medical insurance provider with distribution throughout Latin America, the Caribbean and Canada.
Individualized affordable medical care can be achieved through expansion of health savings accounts, direct pay (which cuts out third-party overhead), charity care, and major medical insurance.
Agents will be able to provide information about which qualifying life events may trigger a special enrollment period allowing people to enroll in individual or family 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.
Some major medical insurance companies do not offer benefits for preventive care, but studies show that health care costs decrease, for both employee and employer, if preventive care is accessible.
The insurance market reforms in the legislation address comprehensive major medical insurance coverage and not plans considered excepted benefits from the portability, access and renewability requirements of HIPAA.