What is disability insurance?
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Health insurance that pays a monthly income to the policyholder when he is unable to work because of illness or accident
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Medical cost-sharing that requires an insured person to pay a percentage of medical expenses after the deductible
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When the employer contracts with another organization to assume financial responsibility for the enrollees’ medical claims
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A plan that reimburses the patient and/or provider as expenses are incurred
Reveal answer
Fill a bubble to check yourself
A
Correct answer
Explanation
Disability insurance provides income replacement when illness or accident prevents you from working. The other options describe coinsurance (B), self-insurance/ASO (C), and reimbursement plans (D). Disability insurance specifically protects your earning capacity, not medical expenses.