Home healthcare has become more popular as the elderly population has increased. Seniors are preferring to receive their health care at home. Whether they require continuous care for chronic conditions or need assistance for routine and preventative measures, seniors rely on home healthcare providers to improve their quality of life. Insurance providers offer a home health care specialty program to provide the coverage needed for healthcare providers working in various workplace situations and dealing with liability exposure.
What’s Included in the Program?
In home healthcare specialty programs, insurance providers may offer the following coverage:
- Professional Liability
- Workers’ Compensation
- General Liability
- Non-Owned and Hired Auto
- Directors’ and Officers’ Liability
- Employment Practices Liability Insurance
- Regulatory Audit Insurance Coverage
Some common benefits in home healthcare specialty programs include national availability, flexible coverage, tailored forms based on the type of healthcare exposure, and easy installment payment options. The carriers should be top tier and coverage should be available on a claims-made or occurrence form, either on an admitted or non-admitted basis.
As insurance needs change, you want to use an insurance provider that keeps up with regulatory and care delivery changes, so that the home healthcare specialty program offered reflects coverage for new risks. Because home healthcare providers often provide different, multiple services to patients, coverage is essential, especially when complex situations occur, which is highly likely in this field.