Answered: A friend has a medical condition but…

A friend has a medical condition but did not inform the insurance company when he purchased the policy. He fell ill but the insurance company refuses to cover his medical expenses. What should he do?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter9: Obtaining Affordable Housing

Section9.2: What Does It Cost To Buy A Home?

Problem 5CC

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Concept explainers

Workers Compensation Plan

Workers' compensation is the benefit provided by the employer to the employee in the form of insurance to cover for their lost wages, medical expenses, disabilities, and death that occurred during the course of employment. It is a government-mandated system and is offered by the employer during the course of employment. Small business owners also have the liability to provide compensation benefits under the government-mandated system.

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A friend has a medical condition but did not inform the insurance company when he purchased the policy. He fell ill but the insurance company refuses to cover his medical expenses. What should he do?

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