Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. There are certain government sponsored programs such as social insurance or health insurance program, an insurance card is often given to the participants. Creating an insurance card template can give a uniform style and format.
Insurance Card Basics
There are all kinds of insurance program ranging from government-sponsored to private business. Social insurance is any government-sponsored program, it has also been defined as a program where risks are transferred to and pooled by governmental that is legally required to provide certain benefits. In the U.S., programs that meet these definitions include Social Security, Medicare, the PBGC program, the railroad retirement program and state-sponsored unemployment insurance programs. The Canada Pension Plan (CPP) is also a social insurance program. In EU, The European Health Insurance Card allows anyone who is insured by or covered by a statutory social security scheme of the EEA countries and Switzerland to receive medical treatment in another member state for free or at a reduced cost, if that treatment becomes necessary during their visit.
The varieties of insurance provide options and choice for people from all walks of life. Program The government sponsored program is different from the commercial insurance program. Participation in private insurance programs is often voluntary, and Participation in social insurance programs is generally mandatory. Your benefits in a private insurance program are based on an insurance contract. Social insurance programs are not generally based on a contract, but rather on law.
Insurance Card Template
Insurance card style: as a company or institutions that need to print bulks of insurance card, it is best to first design an insurance card template to save time. There are some free ones on the net you can make reference. The format of insurance card template may be different depending on the objectives and types of insurance. For example, the health insurance card may have different requirement from card insurance card.
Insurance card format: in the template, you need to include key elements: the card number, the recipient name, the company name and logo that issue it, valid and expiry date etc.
The first key information in insurance card form is card reference number and name of cardholder. Regulatory agency may have requirements for the card reference number as it can help identify insurance types.
The second key area in the sample insurance card is the policy. The insurance policy can be printed at the back of the card or at front of card depending on the importance and design. For example, many insurance companies list special instructions on the card about pre-certification or prior authorization for services.