Major Medical Group Health Insurance

Major medical health insurance is a type of health coverage that pays the cost of nearly all medical treatments, procedures, and examinations including those associated with serious illnesses or hospitalizations.  The plans usually have a set amount, or deductible, for which the individual or family is responsible for.  Once that is satisfied, the insurance policy covers most or all of the remaining medical care for the remainder of the policy year. The purpose of this type of insurance is to ensure that medical expenses incurred by a consumer in any given year are capped at a reasonable and affordable amount. 

There are two main types of Major Medical insurance plans. A traditional "copay" plan typically offers a lower deductible, as well as co-payments when you visit a doctor's office or purchase prescription medications. However, with the increasing costs of healthcare in our country, the costs of these plans are rising for both individuals and families. Consequently, a new major medical plan known as a "HSA Qualified High-Deductible Health Plan", was created to help individuals and familes obtain comprehensive health coverage at a much lower cost. HSA plans combine a high deductible major medical policy along with a Health Savings Account, which is simply a tax-deductible, FDIC insured, interest-bearing bank account that can be used for any qualified healthcare cost. For more information, please click on the following link to visit out HSA information center.

At the Health Insurance Depot we offer many types of Major Medical coverage from many different trusted carriers. Please contact the office or complete the Free Online Quote Request to find out more information.