Do you know that accidents account for over 70% of medical claims in the U.S? The average cost for an ER visit in the U.S. can be up to $3000, and that is with health insurance! For most of us our deductible and maximum out of pocket costs with our major medical health insurance continues to increase every year, which means in the event of an accident we will have to pay out of pocket most or all of that bill. In 2023 the annual max out of pocket limit on an individual Affordable Care Act qualified health insurance plan is $9100, and $18,200 for a family! Would an affordable insurance product that protects you from any accident related medical costs be beneficial to you?
How Accident Insurance Works
An Accident benefit plan acts as a bridge for any accident-related claims in conjunction with your high deductible major medical health plan. It pays benefits directly to the policy holder, and the great thing about one of our plans is that it does not coordinate benefits with your major medical health insurance. Meaning, with a maximum $10,000 benefit amount and a $250 deductible, if you can show up to $10,000 in accident related medical expenses (per accident) then you will receive a check for that amount minus your $250 deductible. Regardless of what your deductible and maximum out of pocket costs are with your major medical health insurance. So, in the majority of cases the most you will be out of pocket for any accident related medical costs is $250! The additional benefit is that these plans are very affordable; as low as $21 / month for an individual!
To find out how this policy can fit as an important piece to your medical coverage, or to get a quote, please call us today! 303.466.5500