Health Insurance
Why a company needs health insurance?
General Liability can be thought of as the foundation of a company’s commercial insurance coverage. General Liability protects against a range of risks that a company may face, covering both defense costs and damages associated with a claim. A Comprehensive General Liability (CGL) policy is an essential first component when a company begins looking into commercial insurance.
What Health Insurance Covers?
Standard preventative services such as annual physicals, gynocological, hearing and vision tests.
These tend to be typical visits to your primary care physician or specialist, depending on the condition.
Emergency room visits are standard coverages on a health insurance policy
Doctor visits, diagnostic tests, and other medical care you receive without being admitted to a hospital.
Inpatient care/admittance to a hospital will have coverage under your health insurance policy. How this is covered can vary from policy to policy.
Prescription drug coverage will vary policy to policy but will typically carry a tiered copay structure depending on the type of prescription drug you purchase and whether you purchase from a pharmacy or through mail order.
Similar to other forms of insurance such as auto coverage, deductibles are a set amount of money you have to pay first before the insurance kicks in.
Coinsurance is a percentage split of cost between you and your insurance company for applicable covered services.
This is an annual maximum on how much you will pay out of pocket for a given policy year.