Risk Management & Insurance
5.02 I WILL UNDERSTAND RISK MANAGEMENT AND INSURANCE
Health insurance may be obtained through employer related groups. Types of health insurance coverage include hospital, surgical, reygular madical, comprehensive medical, dental, and vision care.
This is classified as medical insurance and it covers for most or all of the charges during a stay in the hospital.
This covers all or part of the surgeon's fees for an operation and health insurance coverage.
Regular Medical Insurance
This covers fees for nonsurgical care given in the doctor's office, the patient's home, or a hospital. Plus it covers cost of extended and specialized care out of the hospital such as medicine and special nursing care. This is a major medical insurance.
Comprehensive Medical Policy
This combines the features of hospital, surgical, regular, and major medical insurance. This is the most common group health insurance policy.
This contains deductible and coinsurance to reduce the cost of premiums and covers examinations, X-rays, cleaning, and filling. This also covers dental injuries resulting from accidents and part of complicated dental work such as crowns or bridges.
Vision Care Insurance
This covers eye examinations, prescription lenses, frames, and contact lenses. Some plans cover the cosr of laser eye surgery that eliminates the need for glasses.
This protects survivors against financial loss associated with death.