Accident indemnity insurance covers the gap health insurance leaves behind. While health plans cover some costs, patients still pay deductibles, copayments, and percentages that can exceed $6,000 before full coverage kicks in. Supplemental insurance protects against these out-of-pocket expenses.
Chapters
At some time in our lives, almost every one of us will require medical treatment for an accidental injury. It could be a slip or a fall, a recreational or athletic injury. It might result in a fracture, dislocation, or concussion, a serious burn, a severe laceration, an ambulance, emergency surgery, and hospitalization. Accidents occur suddenly and require immediate medical attention, but that medical attention will cost us hundreds, if not thousands of dollars, for expenses that are not paid by our health insurance because we must pay deductibles and copayments, plus 20, 30, or 40% of the allowable charges billed to our insurance plan until our share of the payments meets the maximum out-of-pocket limit of more than $6,000. Only then will our insurance pay 100%. But only—