major medical insurance

major medical insurance definition - business

major medical insurance

Broad coverage that pays for a portion of expenses incurred due to sickness or injury, generally subject to an annual deductible and a lifetime maximum. Major medical insurance generally excludes cosmetic surgery, convalescent care, occupational injuries, physical examinations, and vision and dental care.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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