| DESCRIPTION |
Health insurance to finance the expense of major illnesses and
appliances, and prescribed out-of-hospital treatment, drugs, and
medicines.
injuries. Major medical policies usually include a deductible
clause, which means that the individual or another insurer
contributes toward the cost of the medical expenses. The
larger the deductible, the greater the savings in premium cost.
Above this initial deductible, major medical insurance is
characterized by large benefit maximums, ranging up to $25,000
or even beyond. The holder is reimbursed for the major part
of all charges for the hospital, the doctor, private nurse, medical
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