Inexpensive plans that pay a lump sum for medical care resulting from an accident. They can save you a lot of money and help you meet your major medical deductible. Scroll down to learn more.
Accident insurance is an easy and affordable way to protect your family from significant financial costs of care after an accident. There are a couple of ways these plans can be set up, but the simplest approach reimburses you up to a certain amount for medical care related to any kind of accident.
Coverage amounts range from $2,000 – $10,000. Who might be a good fit for an accident insurance plan? See if any of these describe you:
- You have a high deductible on your health insurance policy. Lots of people supplement their health plan with an accident plan that can help meet the deductible.
- You have active kids. Parents usually know the risks! Your child falls off the swing, messes up a knee playing soccer, goes over the handlebars on a bike, etc. Those everyday problems can get really expensive! Accident insurance could come in really handy.
- You are active outdoors. Maybe you’re into cycling or basketball. Maybe it’s the great outdoors. Whatever they are, your hobbies involve a little more risk than sitting on the couch watching TV.
- You don’t have health insurance at all. If health insurance is too expensive, an accident insurance plan is a very affordable way to provide yourself some level of protection against unexpected medical costs.
Here’s the big question: How much does it cost?
You can get $5,000 in accident coverage for your whole family for about $45 per month. There are other options available, including plans with benefits of $2,000, $7500, or $10,000.
There are no contracts and you can cancel at anytime.
The bottom line, if you use it just one time the policy will probably more than pay for itself.
You can combine accident insurance with critical illness insurance with a “Metal Gap” plan from IHC.