Major Medical Insurance is the least restrictive option of the three main health insurance plans. Major medical lets you see any licensed health care professional for anything covered by the insurance company. When you sign up you choose a deductible and other options, and those apply to you and any dependents you enroll in the plan.

The deductibles you choose applies to each person individually enrolled in the plan; so if you and a spouse enroll together and select a $250 deductible, you each must pay $250 in medical expenses before your plan starts paying additional medical costs each year. But companies will typically set a maximum of two or three deductibles per family.

Costs that exceed your deductible amount are covered by a coinsurance plan, so you and the major medical insurance company share the cost for services covered by the policy. For example, with an 80/20 provision, the insurance company pays 80% and you pay 20% until the deductible amount is paid. After you meet your deductibles, the coinsurance maximums apply that protect you from skyrocketing bills. You may have to pay extra for some services such as, emergency room, chemical dependency services and mental health for example.

After deciding on what coverage is right for you, use InsWeb.com's online health insurance questionnaire to compare major medical insurance quotes online.