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Glossaries

For many of us, medical and health insurance terms are unfamiliar or complex. Our glossaries define some of those terms.


		Major medical insurance Health insurance to finance the expense of major illnesses and injuries. Major medical policies usually include a substantial deductible clause. Above the initial deductible, major medical insurance is characterized by large benefit maximums.

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Major medical insurance
Managed care
Managed care organization
Medicaid
Medically necessary
Medicare
Medicare Part A
Medicare Part B
Medicare risk contract
Medigap

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