Top Reasons To Buy Medical Payments Insurance

When purchasing auto insurance, most drivers only consider their need for liability insurance and comprehensive or collision insurance. However, medical payments coverage can be a valuable part of your auto insurance policy if you are ever involved in a serious car accident.

 

About Medical Payments Insurance

Medical payments insurance covers expenses related to personal injury and medical bills that may occur after an auto accident. This includes expenses for:

• Ambulance services

• Doctor visits

• Hospital stays

• X-rays

• Lab tests

• Surgery

Medical payments coverage provides protection for you and your passengers, as well as any other licensed driver you have authorized to use your vehicle. Some policies also provide protection if covered individuals are riding in other vehicles or struck by a vehicle while walking as a pedestrian.

The coverage is the same, regardless of who is determined to be at fault; however, medical payments coverage does not apply if you are injured in an accident in which worker's compensation should be responsible for the claim.

 

Top 3 Reasons to Buy Medical Payments Insurance

Although some states have laws that require medical payments insurance, this type of coverage is not available in other states. If you are interested in buying medical payments coverage to protect against bodily injury, you should speak to your auto insurance agent to learn more about what options you have available.

1) You Have No Heath Insurance

At one time, most people obtained health insurance through their employer, but there are now thousands of people who do not have any type of insurance at all because they are either self-employed or work for small businesses that do not provide this benefit.

If you are young and in good health, you may not think a lack of health insurance is a major problem. However, car accidents can happen to anyone regardless of age. Even a short hospital stay can put you deep into debt. With medical payments coverage, you can be assured you'll get the treatment you need without sacrificing your financial future.

2) You Have Limited Health Insurance

If you already have health insurance, you may think medical payments coverage is unnecessary. However, this coverage can provide assistance paying your deductible after an accident. Medical payments insurance is considered a secondary source of protection, so it acts as a supplement to the limits of your current health issuance policy.

Also, since medical payments insurance does not operate like a PPO or HMO, you will have greater flexibility when seeking treatment after an auto accident. This can be especially helpful if you have an injury that requires ongoing care or you decide to seek a second opinion regarding your rehabilitation options.

3) You Are Worried About Funeral Expenses

Although most people purchase medical payments coverage to be protected against hospital bills, this car insurance benefit does help pay for funeral expenses if necessary. Because the average funeral can cost $6,500 or more, this can provide valuable peace of mind for your loved ones during a very difficult time.