Which type of insurance pays high dollar amounts after the insured meets the deductible?

Major Medical Insurance is designed to cover significant healthcare expenses after the insured meets an initial deductible amount. This type of insurance typically involves higher coverage limits and is intended to help individuals manage the costs of serious medical conditions, surgeries, and extended hospital stays. Once the insured pays the deductible, the policy kicks in to cover a large portion, often a substantial percentage, of subsequent medical bills. This makes it particularly advantageous for individuals facing high medical expenses, as it offers substantial financial relief.

In contrast, Basic Medical Coverage generally provides limited benefits without the same level of comprehensive coverage seen in Major Medical Insurance. Accidental Death and Dismemberment Policies focus specifically on fatal or debilitating injuries related to accidents rather than broad medical care expenses. Group Disability Income Policies provide income replacement due to disability, rather than directly covering medical costs. Thus, the distinguishing characteristic of Major Medical Insurance is its focus on covering extensive healthcare expenses once the deductible is satisfied, making it the most fitting answer in this context.