The Excess Major Medical
A plan for persons who wish to self-insure up to a certain limit and be insured over the limit with catastrophic coverage
Employees whose employers have lowered the group coverage maximum benefit. Such employees can, on a voluntary basis, pick up excess major medical coverage to supplement their lowered maximums.
In some cases employees who are laid-off or take early retirement find out that their medical plans convert to smaller maximum benefits. These people have been searching for this type of excess medical coverage. Now they can have it!