Under-65 Insurance Carriers
Major medical health insurance plans are long-term, comprehensive plans that cover a majority of the medical costs that an average American will pay per year. These plans provide benefits for an array of inpatient and outpatient healthcare services. They typically have a deductible which the consumer must pay. Once the deductible is paid, the plan covers most of the cost of care.
Major medical insurance is available through employers and individuals through ACA federal and private market health exchanges. It is also available through Medicare and Medicaid.
Who Should Have Major Medical Insurance?
Major medical insurance is important for everyone, regardless of age. Designed to pay for hospital, surgical, and medical expenses, major medical insurance has guaranteed issue coverage. Consumers cannot be denied coverage or charged more based on their medical history.
Health insurance premiums for major medical insurance is based on the following five criteria, and cannot be impacted by medical history or gender:
What Does Major Medical Insurance Cover?
Under the Affordable Care Act, major medical insurance plans must include coverage for the following services: