Type of health insurance that has benefits for medical expenses up to a high maximum benefit. Generally these policies have internal limits and the insured must pay a deductible and coinsurance. Sometimes referred to as major medical .
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Policies especially designed to help offset the heavy medical expenses resulting from catastrophic or prolonged illness or injury. They provide benefit payments for 75-80 percent of all types of medical treatment by a physician above a certain amount first paid by the insured person and up to the maximum amount provided by the policy.