"Major Medical" refers to a type of health insurance that provides coverage for significant medical expenses. This insurance typically covers hospital stays, surgeries, and other high-cost treatments, helping to protect individuals from overwhelming financial burdens due to serious health issues. Policies often have a deductible, which is the amount the insured must pay before coverage kicks in. After reaching this deductible, the insurance usually covers a large portion of the remaining costs, allowing individuals to access necessary medical care without incurring excessive out-of-pocket expenses.