Workers’ Compensation Coverage B is an insurance policy that covers medical expenses and loss of income for injured workers.
Part B workers’ compensation is for additional losses beyond what Part A covers (which satisfies National Insurance requirements).
This coverage is generally required by the states if the employer has three or more employees (including owners of uninsured subcontractors and their employees).
Injured workers may receive 100% of all medical expenses, a percentage of lost wages (which varies by state and policy), a lump sum for disability and injury, and a death benefit in accordance with Part B.
The Consolidated Comprehensive Budget Reconciliation Act (COBRA) allows many employees to remain in their employers’ group health plans for a specified period of time after losing their job.
HIPAA affects policy, technology, and record keeping in healthcare facilities, health insurance companies, health insurance companies, and health care billing services.
A Health Savings Account (HSA) is a tax-advantage account that helps people save on medical expenses that are not covered by high deductible health insurance plans.
Long-term care insurance typically covers all or part of nursing facilities and home care for people aged 65 or older or with a chronic condition requiring ongoing care.
“This is private insurance available to anyone who can afford to pay for it.