Accident Health Insurance
Accident health insurance covers accident and health risks for you and your family.
Accident health insurance covers establishments primarily engaged in underwriting accident and health insurance. More than 1,000 companies provided accident and health insurance in the United States in the early 2000s, writing roughly $96 billion in premiums.
Accident health insurance is provided on an indemnity basis by commercial carriers and Blue Cross & Blue Shield plans. Under indemnity insurance, the insurer pays the insured directly for any hospital or physician costs for which the insured is covered. Other providers of accident/health insurance include specialty health insurers, self-funded employer plans, and government plans. The accident and health line consists of the following categories: group, credit, collectively renewable, non-cancelable, guaranteed renewable, nonrenewable, and other individual health and accident lines.
In addition to the accident medical insurance, a second type of private health insurance is managed care. Under a managed care plan, a person can enroll in an organization that charges a monthly fee. In return for this monthly fee, the enrollee receives access to health care services from the organization.
Accident health insurance companies may also provide service plans in connection with health care providers. Insurance companies arrange to pay health care providers for any service for which an enrollee has coverage. Under the service plan, the insurance company effectively agrees to provide the insured with health care services, rather than reimbursement dollars. Service plans offer the advantages of reduced paperwork and reduced financial liability for the insured.
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Accident Health Insurance
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