Major Medical Insurance Law and Legal Definition

Major medical insurance is a type of health care coverage plan that provides benefits for a broad range of medical expenses that may be incurred either on an inpatient or outpatient basis. Major medical insurance plans often carry a high deductible, provide greater individual benefits, and provide greater policy maximum limits. The two types of major medical insurance are comprehensive major medical insurance, in which traditional basic coverage and other types of medical expenses are combined into a single comprehensive policy, and supplemental major medical insurance, in which the traditional basic policy pays first for the medical expenses.