COST ACCOUNTING
FINANCIAL TERMINOLOGY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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out-of-pocket
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premium
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insurance benefit
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Detailed explanation-1: -Health insurance policies cover hospitalisation, pre-and post-hospitalisation, daycare and home treatment expenses. You can also avail of financial coverage for expenses against diagnosis and tests suggested by the doctors.
Detailed explanation-2: -The following are covered under a group insurance policy: Coverage for a group of people. Covers the medical expenses related to diseases, accidents, and illnesses. Pre-and post-hospitalisation charges that take care of expenses before being hospitalised and after discharge in the recovery phase.
Detailed explanation-3: -Care Health Insurance plans cover numerous diseases and provide coverage for hospitalization expenses, ambulance charges, critical illnesses, advanced technology treatment, OPD treatment, domiciliary hospitalization, etc.