Chapter 12-1 - Chapter 12: Health and Disability Insurance...

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Chapter 12: Health and Disability Insurance Health Insurance Health insurance: a type of insurance offered by private insurance companies or the government that covers health care expenses incurred by policyholders for necessary medical care Critical component of financial planning Cost of providing health care is rising About 1 in 5 workers is uninsured Your health insurance decision is not whether to obtain it, but which health plan to purchase and how much coverage to purchase Many options available Private Health Insurance Private health insurance: health insurance that can be purchased from private insurance companies to provide coverage for health care expenses Types of private health insurance coverage Hospitalization insurance: insurance that covers the cost of many hospital facility and service fees Surgical expense insurance: insurance that covers the cost of some surgeries Physician expense coverage: insurance that covers the cost of many nonsurgical
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This note was uploaded on 03/27/2012 for the course FINANCE 250 taught by Professor Maryevans during the Spring '12 term at Rutgers.

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Chapter 12-1 - Chapter 12: Health and Disability Insurance...

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