Introduction to Health Insurance

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Presentation transcript:

Introduction to Health Insurance Chapter 2 Introduction to Health Insurance

Types of Insurance Automobile Disability Liability Malpractice Property Life Health

Defining Health Insurance Indemnification to cover some or all costs of treating injury or disease

Automobile Insurance Contract between a person and an insurance company Monthly premiums to cover car-related losses

Automobile Insurance Coverage for collision, vandalism, roadside help, liability, medical, personal injury, and uninsured motorist

Disability Insurance Compensation due to an injury or permanent illness Frequently provides monetary assistance, but not health care services Benefits may be obtained if person is: Unable to work Employed when disabled

Liability Insurance Covers losses to a party other than the insured Covers medical care, lost wages, and in some cases pain and suffering of wounded party