An accident and health policy that provides reimbursement benefits makes them payable to the

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Study for the Louisiana Series 103 – Life, Health, and Accident or Sickness Insurance Exam. Familiarize yourself with key concepts through engaging questions and explanations. Prepare effectively for your exam!

Multiple Choice

An accident and health policy that provides reimbursement benefits makes them payable to the

Explanation:
Reimbursement benefits are designed so the insured is repaid for covered medical expenses. When you incur health costs, the insurer pays you (the insured) up to the policy’s allowed amount, rather than automatically paying the provider. You can then pay the provider or the insurer can be given an assignment of benefits to pay the provider directly, but by default the payment goes to the insured. The policy owner and beneficiary concepts are more associated with life policies, not the standard reimbursement of health expenses.

Reimbursement benefits are designed so the insured is repaid for covered medical expenses. When you incur health costs, the insurer pays you (the insured) up to the policy’s allowed amount, rather than automatically paying the provider. You can then pay the provider or the insurer can be given an assignment of benefits to pay the provider directly, but by default the payment goes to the insured. The policy owner and beneficiary concepts are more associated with life policies, not the standard reimbursement of health expenses.

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