Major Medical Insurance is a type of health insurance designed to cover a significant portion of medical expenses. It typically includes coverage for hospital stays, surgeries, and other essential health services. This insurance helps protect individuals from high medical costs, ensuring they can access necessary care without facing financial hardship. Most Major Medical Insurance plans have a deductible, which is the amount you must pay out-of-pocket before the insurance starts covering expenses. After reaching the deductible, the insurance usually pays a percentage of the costs, while the insured is responsible for copayments or coinsurance.