A hospital indemnity policy pays benefits only when you are hospitalized and only to the hospital where the care was provided.
Which type of policy pays benefits to a policyholder covered under a Hospital Expense policy? When benefits are paid to a policyowner covered under a Hospital Expense policy, the policy is known as reimbursement.
Which of the following is the reimbursement of benefits for the treatment of a beneficiary’s injuries caused by a third party?
Which of the following is the reimbursement of benefits for the treatment of a beneficiary’s injuries caused by a third party? “Subrogation”. Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured.
What is the difference between group insurance and blanket health policies?
The difference between group insurance and blanket health policies is: Blanket health policies do not issue certificates. Nov 8, 2020 — Group health insurance provides health benefits to your employees, their spouses, and any other eligible dependents.
Which type of policy would pay an employee’s salary if the employer was injured in a bicycle accident?
Temporary total disability (TTD) is one of the types of benefits that injured employees may be eligible for under the state of California’s workers’ compensation laws. With this benefit, a portion of an injured worker’s salary is paid during the time that an employee cannot work due to their injury.
Which type of policy pays benefits when you are hospitalized that are in cash and you can spend as you choose quizlet?
HOSPITAL INDEMNITY POLICIES A hospital indemnity policy pays benefits when you’re hospitalized. Unlike most of the other plans mentioned, however, these policies don’t directly cover medical costs. Instead, you are paid in cash, which you can spend on medical or nonmedical expenses as you choose.
Which type of insurance pays part or all of hospital bills or room board and other charges?
Hospital expense insurance pays part or all of hospital bills for room, board, and other charges. Surgical expense insurance pays part or all of the surgeon’s fees for an operation.
Which of the following organizations would make reimbursement payments directly to the insured?
Which of the following organizations would make reimbursement payments directly to the insured individual for covered medical expenditures? The correct answer is “Commercial insurer”.
Which of the following is the reimbursement of benefits for the treatment of a beneficiaries?
Which of the following is the reimbursement of benefits for the treatment of a beneficiary’s injuries caused by a third party? “Subrogation”. Subrogation is the right for an insurer to pursue a third party that caused an insurance loss to the insured.
Which of the following health insurance policy provisions states that the producer?
Which of the following health policy provisions states that the producer does NOT have the authority to change the policy or waive any of its provisions? Entire Contract. (The Entire Contract provision states that the producer does NOT have the authority to change the policy or waive any of its provisions.)
What is insurance blanket policy?
Blanket insurance is a type of insurance policy that insures the common areas of a condominium or townhome. It also covers the common property in an area governed by a homeowner’s association, or HOA.
What is a blanket policy in healthcare?
Under a policy or contract issued to an employer, who shall be deemed the policyholder, covering any group of employees, dependents or guests, defined by reference to specified hazards incident to an activity or activities or operations of the policyholder.
What is a blanket policy in health insurance?
Blanket insurance. Existing law provides that blanket insurance is that form of insurance providing coverage for specified circumstances and insuring by describing all persons within a class of persons defined in a policy issued to a master policyholder, and not by specifically naming the persons covered.
What does AD and D cover?
Accidental death and dismemberment (AD&D) insurance is an insurance policy that pays a death benefit upon the accidental death of an insured or upon the loss of a limb due to an accident. AD&D is purposed to serve as a supplement to regular life insurance as coverage is limited to certain types of accidents.
What would the insurance company do if an insured under a whole life policy?
Whole life insurance provides permanent death benefit coverage for the life of the insured. In addition to paying a death benefit, whole life insurance also contains a savings component in which cash value may accumulate on a tax-advantaged basis. These policies may be known as “traditional” life insurance.
Which of the following would be covered by a business overhead expense policy?
A Business Overhead Expense policy is designed to cover certain overhead expenses (rent, taxes, utility bills, employee’s salaries etc) that continue when the business owner is disabled.
Which policy provides benefits based on the actual expense incurred?
Benefits with a hospital indemnity policy are a fixed dollar-amount benefit, payable by the day for the time the insured is in the hospital. The benefit is based on actual expenses.
Which type of insurance is usually bought in combination with hospital and surgical insurance quizlet?
Provides benefits for doctors’ fees for nonsurgical care, x-rays & lab tests. Often bought with hospital & surgical = basic health insurance. Sometimes called HMO-PPO hybrid or open-ended HMO.
What is covered by Medicare quizlet?
The program covers all those who are eligible regardless of their health status, medical conditions, or incomes. Basic health services, including hospital stays, physician visits, and prescription drugs. What are some gaps in Medicare coverage? Long-term care services, vision services, dental care, and hearing aids.
ncG1vNJzZmivp6x7or%2FKZp2oql2esaatjZympmennbaktIyhnJqkpJ16qrrSrqmappOaerG7y6KasmWglsa0ecGepZ6emanAbrvNpbBmr5iau27Fzq5kmqqVYrWwv8%2Biq5qkma%2BypXnCoZyco12ptaq%2FjKisrWWnnbaktIytsKmdXaSzbrzOpaCcsV2lrrq%2FjJucp52WnsG0edOoZJploKS5qq%2FYoaalnJWneqS71Z6pnpxdqrulsdFmmGagn6i9qsDApWSesKCau7SxjKmmpaGTrnw%3D