Major medical health insurance covers all the minimum essential benefits and meets the standards of the Affordable Care Act (ACA) for individual and family coverage.
Major medical health insurance plans are the type of insurance people are referring to when they talk about typical health insurance coverage. These plans comply with the ACA’s regulations for qualifying health plans. They offer the ten essential benefits:
Major medical health insurance covers the most necessary care associated with serious illness and hospitalization, along with plenty of additional benefits.
However, these plans may cost more than other options in monthly premiums due to those hefty benefits. A major medical health insurance plan that is sold during open enrollment or a special enrollment period can qualify for subsidies that significantly reduce the cost of premiums.