Accident Health Insurance Plans
Accident health insurance plans are attracting a lot of attention in the supplemental accident coverage market because it is so convenient. This type of personal injury insurance plan falls under the category of compensation rather than under the category of insurance. Claims compensate you for damage, loss, or injury in cash payments to you directly or to the healthcare provider. These plans are guaranteed and require no health questions when enrolling. Americans who have this smart type of accident plan receive benefits with any doctor, emergency room hospital, or urgent care center. Members can choose a benefit amount (policy face value) of $ 2,500, $ 5,000, $ 7,500, or $ 10,000. These lump sum benefits are paid per accident (per injury). The typical deductible (the deductible is the dollar amount the person must pay before the insurance company pays) is $ 100 and all other hospital bills are paid up to the policy maximum. If someone has the $ 10,000 accident benefit plan and is injured, resulting in a $ 10,000 ACL knee surgery, it could potentially only cost the member $ 100 out of her pocket. The member can also choose any surgeon for the procedure that is comforting.
Personal accident insurance are membership plans that have monthly installments. These association benefits clearly state that they are not insurance, but a type of accident medical plan. Coverage is for bodily injury and not for illness or disease. Emergency room coverage is the main focus. Other names for this type of plan include supplemental accident coverage, emergency room insurance, accident medical expense benefit, accident medical insurance plan, 24-hour accident coverage, and accident medical coverage. Anyone who has had a high deductible insurance plan knows that many bills come from the emergency room.
Association-based membership benefits are nothing new. The main benefit of these plans are affordable monthly fees, everyone qualifies, and benefits are paid in conjunction with any licensed medical or health care facility. Applications do not have health questions during enrollment, but automatic acceptance is only up to age 64 or 70.
Anyone can qualify for a personal accident insurance plan is a good thing. The flexibility for members to choose any doctor’s office, medical clinic, or hospital emergency room makes sense because this Insurance Backed Guarantee is a type of accidental injury policy. When I was researching these plans and gathering all the sales brochures, having the ability to choose any ER doctor, clinic, or hospital was consistent and true. Accident medical coverage generally has a deductible of $ 100 and a coverage amount per member of $ 2,500, $ 5,000, $ 7,500, or $ 10,000. Plans pay part of your doctor, hospital, and emergency room bills, up to your chosen maximum benefit per covered injury. Another way of putting it is that a personal injury insurance plan pays for all bodily injuries.