The definition of Accident Insurance, and how it fits into the Zenefits Health Insurance Marketplace
What is Accident Insurance?
Accident insurance usually provides covered participants with a lump sum payment after an accident. This can help cover additional hospital costs or out of pocket costs they may face.
How does Accident Insurance work?
Employees can pay a monthly premium to participate in coverage. This is commonly viewed as an ‘income protection’ benefit that compliments traditional health insurance and provides help with out of pocket costs during a qualifying event.