Major medical insurance policies generally include a deductible clause and coinsurance provisions.

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Major medical insurance policies typically have a deductible clause, which is the amount the insured must pay out-of-pocket before the insurance company starts to pay its share. Additionally, they often include coinsurance provisions, where the cost of covered healthcare services is split on a percentage basis between the insurer and the insured after the deductible is met.

Major Medical Insurance Policies Generally Include a Deductible Clause and Coinsurance