What Does Major Medical Insurance Mean?
Major medical insurance is a type of health insurance that is often purchased as a supplement to a standard health insurance policy. Major medical insurance typically covers very large medical expenses, such as prolonged hospital stays. Major medical insurance tends to carry high deductibles. However, once the deductible is met, the insurance can cover a very high amount of medical expenses. It is important to note that many major medical policies also have a capped amount of what they will cover during the lifetime of the policy.