Work-site cancer insurance uses group underwriting.Colonial Supplemental Insurance, a part of the UnumProvident Corp., has launched a group voluntary cancer insurance product using group underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , which means no health questions are asked of individuals, although pre-existing limitations apply. The base plan covers a wide range of inpatient inpatient /in·pa·tient/ (in´pa-shent) a patient who comes to a hospital or other health care facility for diagnosis or treatment that requires an overnight stay. in·pa·tient n. and outpatient benefits, including surgery, and transportation and lodging benefits. Other benefits the employer can add include ambulance, experimental treatment, several kinds of prosthesis prosthesis (prŏs`thĭsĭs): see artificial limb. prosthesis Artificial substitute for a missing part of the body, usually an arm or leg. , hospice hospice, program of humane and supportive care for the terminally ill and their families; the term also applies to a professional facility that provides care to dying patients who can no longer be cared for at home. care and home health care. The base plan also covers screenings. |
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