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It’s important for every adult living in the United States to know what major medical insurance consists of, what its coverage strictly provides, and how it can be vastly different from other types of insurance you may have seen. HealthMarkets easily breaks down this information so you can make informed decisions regarding your healthcare plan.
Major medical insurance is a health insurance plan offered to help cover the medical costs an average American will pay in a given year. Major medical insurance is sold by various insurance companies through private or public health insurance marketplaces.
Major medical coverage is the set of benefits an individual gets when they purchase a major medical insurance plan. Individuals can find specific major medical coverage details listed in a plan’s Summary of Benefits and Coverage. This information can vary depending on the health plan and the insurance company that you select. You can also call your health insurance company or visit their website for more information about your exact plan.
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