Credit Accident and health plans are designed to
A) permit creditors the ability to require that coverage be purchased through insurers of their choice
B) provide permanent protection
C) help pay off existing loans during periods of disability
D) not permit free choice of coverage selection
The Correct Answer Is:
- C) help pay off existing loans during periods of disability
Credit Accident and health plans are designed to help pay off existing loans during periods of disability. Disability can happen for many reasons, such as a car accident or sickness. When disability occurs, the person may no longer be able to work and may need help to repay their existing loans. Credit accident and health plans can help cover some of the costs associated with disability, such as medical bills and loan payments. These plans are usually offered by lenders or insurers, and they can help people stay out of debt while they’re recovering.
Every year, thousands of people are injured in accidents that cause them to lose their jobs or homes. Many of these people are unable to get medical care because they do not have insurance coverage that permits them to use providers of their choice. A credit accident can be devastating, and can leave you without medical care or the ability to rebuild your credit. If you have been injured in a credit accident, it is important to seek legal help as soon as possible. You may be able to receive financial compensation if your injuries were caused by the negligence of another person or company.
You should also consider purchasing health insurance that covers you when you are unable to work due to an injury. This type of coverage can protect you from expensive out-of-pocket expenses, and may provide financial assistance if you are forced into bankruptcy as a result of your injuries.
Credit accidents can have serious consequences for your health. Many credit accident victims don’t realize that their health plans are not designed to provide them with permanent protection. This means that, even if you’re fully covered by your health plan, you may still be exposed to medical bills and other costs related to a credit accident. If you’ve been injured in a credit accident, it’s important to speak with an attorney as soon as possible. An attorney can help you navigate the complicated system and protect your rights.
Credit accident and health plans are not designed to not permit free choice of coverage selection. Unfortunately, many people do not realize this and select plans that do not meet their needs or that have higher premiums than necessary. Those with pre-existing conditions, for example, often find themselves unable to find affordable coverage that covers their medical expenses.
In fact, a study by the National Conference of State Legislatures found that 48% of state legislators surveyed believe credit accidents insurance should be required as a part of any healthcare plan offered in the state. This is because credit accidents insurance policies typically cover more than just medical expenses – they can also reimburse you for lost wages, funeral costs, and other damages caused by an accident.