Expenses associated with hospital confinement, surgery, and medical conditions requiring a broad range of services and supplies.
Insurance that provides benefits for most types of medical expenses up to a high maximum benefit. Such contracts often contain limits and usually are subject to deductibles and co-insurance.
As it applies to health insurance, this is a term that consumers are most familiar with. This type of health insurance contains more benefits than a basic hospital expense policy because it tends to offer benefits for catastrophic illness or injury and also usually covers minor doctor costs as well. p 173
A form of health care insurance protecting against the costs of long-term or catastrophic injury or illness. There is usually a large deductible, copayment, coinsurance or a combination of the three.
Coverage for serious or expensive medical cost or hospitalization.
See Master/Major Medical.
an adjunct to the base plan that provides extra benefits for services not covered at all by the base plan, and that in some cases pays balances of services not covered completely by the base plan; most are characterized by large benefits maximums, ranging from 250,000 to no limit; above an initial deductible, major medical plan reimburse the major percentage of all charges; the policyholder pays the remaining co-insurance.
comprehensive insurance coverage; includes most accident, illness and hospital-related costs.
Policy which covers medical procedures and which typically has a high maximum limit, blanket coverage, coinsurance and a deductible.
Refers to the portion of the insurance policy which usually provides coverage for outpatient services: doctor's office visit, outpatient pharmacy services, home therapy, etc