Facebook Twitter Instagram
    Recruitmentmat
    • About Us
    • Subscribe to Job Update
    • Contact Recruitmentmat.com
    Facebook Twitter Instagram
    Recruitmentmat
    Home»Insurance»Accident and health insurance: All You Need to Know
    Insurance

    Accident and health insurance: All You Need to Know

    recruitmentmatBy recruitmentmatMay 19, 2023No Comments2 Mins Read

    What is accident and health insurance?

    The term “accident and health insurance” is inclusive of specific employer-sponsored policies.

    It is a type of insurance that provides rewards in the event of illness, accidental harm, or accidental death. If it is related to a loan, it may occasionally pay for lost income or debt repayment.

    Deeper definition

    Standard health care plans may not be enough for some employees. That’s why many businesses give their workforce the chance to pick from accident and health insurance choices related to their own needs. They aren’t stand-alone policies, nor should they take the place of traditional workplace insurance plans.

    Accident insurance covers workers for any mishap that may occur while they’re at work. Workers who choose this supplemental policy can use it to pay for expenses from initial care, surgery, transportation and lodging, and follow-up health care.

    To file a claim for this type of insurance, workers must show proof they were injured, including in-depth medical reports from the hospital or attending physician.

    In addition, two insurance plans under this category deal with life-threatening illnesses. Critical illness coverage deals with a variety of specific ailments, while cancer policies directly deal with any form of the disease.

    Cancer coverage kicks if an employee is diagnosed with the disease while working for a company. As the person’s traditional health care plan takes care of most medical expenses, this plan pays for any additional costs that may come up during the treatment.

    After a positive diagnosis, recovery time also requires additional services such as in-home care that might otherwise be dropped by traditional insurance policies.

    Under both critical illness and cancer plans, additional costs from treatment and recovery are paid.

    Accident and health insurance example

    After falling off a ladder while reaching for an item, Joe is transported to the hospital with injuries that are not life threatening. He is diagnosed and treated for a broken leg. All medical expenses are covered through his company’s health insurance plan.

    Since he has accident insurance, his additional expenses, such as rent and groceries, are covered. As the healing process continues, he is evaluated to continue or end the additional payments when he is ready to resume his job.

    Related posts:

    1. Basics of Insurance Comprehensive Guide
    2. Find The Best Homeowners Insurance Contract In 2023
    3. Comprehensive Car Insurance -All You Need to Know
    4. CAR INSURANCE COMPANIES TRICKS EXPOSED
    5. How Car Insurance in Canada Works
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp
    Previous ArticleCAR INSURANCE COMPANIES TRICKS EXPOSED
    Next Article Mortgage Loans For Automobile Purchase (Auto Loans): All You Need

    Leave A Reply Cancel Reply

    Recent Post
    • WAEC Civic Education Questions and Answers 2023/2024 (%100 Legit) Theory & Obj Free Expo Answers May 24, 2023
    • WAEC Chemistry Questions and Answers 2023/2024 (%100 Legit) Theory & Obj Free Expo Answers May 22, 2023
    • WAEC Commerce Questions and Answers 2023/2024 (%100 Legit) Theory & Obj Free Expo Answers May 22, 2023
    • WAEC Physics Questions and Answers 2023/2024 (%100 Legit) Theory & Obj Free Expo Answers May 21, 2023
    • WAEC Accounting Questions and Answers 2023/2024 (%100 Legit) Theory & Obj Free Expo Answers May 21, 2023
    Facebook Twitter Instagram Pinterest
    • About Us
    • Subscribe to Job Update
    • Contact Recruitmentmat.com
    • Privacy Policy
    © 2023 Recruitmentmat.com

    Type above and press Enter to search. Press Esc to cancel.

    Privacy Policy - Terms and Conditions