Accident Insurance

Accident insurance coupled with higher deductible major medical plans provide a great combination to help keep your premium cost down but cover you and protect your savings for things that are most likely to occur, accidents.  Think about the times you have met your deductible on your major medical health insurance, for many people it was because of an accident.  When you choose a higher deductible health plan you are increasing your deductible and exposure to liability for all health expenses, including accidents.  An affordable way to offset this exposure to medical expense liability is to lower your deductible for accidents while keeping it higher for everything else.  Think of it as insurance for the money you are saving on higher deductible health plan or insurance for your Health Savings Account.

In Network?

Generally, deductibles on health insurance plans are increased or doubled for covered health expenses that occure out of network.  If you have a higher deductible to begin with doubling it for out of network expenses could get really expensive.  If you are out of network and have a medical expense it is likely that it will be an accident.  Accident coverage does not have a network or out of network expense.  If an expense occurs as a result of an accident it will be paid up to your plan benefit maximum.  This is great for someone worried about the possible increase in cost associated with an out of network visit to the ER.

     Accident Expense Plus

Policy Options 

Accident Expense Plus allows you to design the plan to your budget and with your specific needs in mind.  You can pick benefit amounts from $1,000 to $15,000.  Deductibles range from $0 deductible to $500 deductible.  There is also an optional critical illness rider that provides lump sum payments after the initial diagnosis of heart attack, stroke or invasive cancer.

Policy Highlights

• Deductibles: Four options are available: $0, $100, $250 and $500 annual deductible
• Benefit Amounts: Plan option benefit amounts start at $1,000 and increae in increments up to a calendar year max benefit of $15,000 per insured
• Covered Expenses: ER, ambulance, surgery, hospital charges, physician charges, physical therapy, urgent care center, major diagnostic exams, x-rays, prosthesis, drugs administered in either a hospital or urgent care facility
• Family Coverage: You can add your spouse, your children or the whole family.
• Qualifying for Coverage:  Everyone qualifies for coverage between the ages of 18 and 64.  No questions asked.
• Coordination of Benefits: