Comprehensive Major Medical Insurance
What Does Comprehensive Major Medical Insurance Mean?
Comprehensive major medical (CMM) insurance is a health insurance policy that combines traditional healthcare coverage with other basic medical expenses into a single comprehensive plan at an affordable cost. CMM insurance features a low deductible, high maximum benefits, and a coinsurance component, allowing the insured to choose any healthcare provider they prefer.
Insuranceopedia Explains Comprehensive Major Medical Insurance
Some benefits of comprehensive major medical (CMM) insurance include high-sum assurance, coverage for pre-admission diagnosis expenses, reimbursement for outpatient expenses related to kidney dialysis or cancer treatment, non-social medical system reimbursements, ambulance fees, and a no-claim bonus.
High-sum assurance means that a CMM policy covers a significant portion of hospitalization charges. Pre-admission diagnosis expenses encompass laboratory examinations, diagnoses, and X-rays, with reimbursement provided only if the insured is hospitalized for treatment. Outpatient expenses include reimbursement for any outpatient costs associated with kidney dialysis or cancer treatment. Non-social medical treatment covers medicinal drugs not included in the socialized healthcare system. Ambulance fees refer to transportation costs incurred due to illness, while the no-claim bonus pertains to the annual limit increase an insured individual may receive upon renewal if they do not file a claim.
