"Major medical" insurance typically includes

Question

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"Major medical" insurance typically involves extensive dollar coverage after health care expenses exceed significant deductibles. This means that the insurance only covers major medical expenses and the policyholder is responsible for paying a deductible amount before the insurance begins to pay for the expenses. This type of insurance does not provide first-dollar coverage on all medical expenditures or reimbursement for hospital expenses. Moreover, it does not cover a restricted list of major injuries and illnesses.

"Major Medical" Insurance Typically Includes