major medical


Also found in: Medical, Wikipedia.
Related to major medical: catastrophic health insurance

major medical

n.
Insurance that covers all or most of the medical bills engendered by major or prolonged illnesses above a set amount.
References in periodicals archive ?
Sales of Medicare plans, and sales of individual major medical coverage to people who qualify for Affordable Care Act subsidies, have been strong.
Trump's CMS published a draft of individual major medical market regulations last month.
Accident insurance, hospital indemnity insurance, cancer insurance, critical illness insurance and other supplemental products are like umbrellas that workers can use to make up for the holes in the employer's major medical coverage.
The Affordable Care Act (ACA) established annual open enrollment periods during which consumers can purchase individual and family major medical health insurance plans.
Most agents are well versed in the merits of major medical plans, but many have questions about the wide range of supplemental plans that are now available.
He had just received the renewal offer on a client's major medical policy.
Siefe called it "one of the more significant agent victories in the industry" and said it far surpassed the $20 million settlement on the major medical commissions.
If an employee has only certain high-deductible major medical insurance coverage (which can be an alternative to regular major medical insurance under a non-125 flexible benefit plan), the employee can have an MSA if the employer is a "small employer.
This report summarizes teachers' and employers' contribution rates to retirement, Social Security and Medicare, and major medical plans.
Several major medical facilities are nearby, including Beth Israel Medical Center, The Eye and Ear Infirmary Hospital, Hospital for Joint Diseases and NYU Medical Center.
Most major medical centers and managed care hospitals have in-house management systems developed by research which started 20 years ago among chain drug stores.