major medical insurance

Definition

Insurance that covers most serious medical expenses up to a maximum limit, usually after a deductible and coinsurance have been met.

Use this term in a sentence

The decision to purchase major medical insurance was an easy one as we did not want to risk ruin for our new company.

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Major medical insurance came in help in our time of need after we were left with thousands of dollars in medical bills.

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This popular optometrist charges a lot for out of pocket patients, but fortunately he also accepts most major medical insurance.

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Major Fraud Act of 1989 major pairs