Risk Management & Insurance
POBF 5.02 by Corbin Kennedy
Worker's compensation insurance is what provides protetcion for employees that are injured on the job or become ill from their job. A drug test is required to be taken by the employee before they receive their check.
Health insurance is what protects you against the high costs of United States health care. It insures that you will not have to pay all of what your bill is for health care.
Hospitalization is also classified, or called medical insurance. It will cover for most or all of your charges during your stay at a hospital.
Surgical insurance is what covers all or part of the surgeon's fees for an operation. Health insurance can also provide some coverage for surgeries.
Regular Medical Insurance
Regular medical insurance will cover your fees for nonsurgical care given in a doctor's office, the paitent's home, or a hospital. It covers the cost of extended and specialized care out of the hospital such as medicine, and special nursing care.
Dental insurance contains the deductible and coinsurance to reduce the cost of premiums. Covers examinations, X rays, cleaning, and filling. Covers dental injuries resulting from accidents. Covers part of complicated dental work such as crowns or bridges.
Comprehensive Medical Policy
Comprehensive medical policy combines the features of hospital, surgical, regular, and major medical insurance. Most common group health insurance policy.
Vision Care Insurance
Vision care covesr eye examinations, prescription lenses, frames, and contact lenses. Some plans cover the cost laser eye surgery that eliminates the need for glasses.
Life insurance pays amount of insurance upon your death to your family.