Accident Insurance

Cash benefits to supplement your major medical insurance policy

Pay your mortgage, major medical premiums or deductible, or help cover other expenses that don’t stop, even when you experience an accidental injury.

29.2 Million

ER visits for accidental injuries in 2016^[1]

$2,500

Cost of a non-surgical treatment for a broken leg^[2]

$1,573

Average individual 2018 major medical deductible^[3]

What Does Personal Accident Insurance Cover?

These policies typically pay a fixed amount when you experience a covered accident. Some policies may also provide a monthly disability income benefit.

The following lists include common coverages and exclusions, however, you must read any policy you’re considering carefully since this is not an exhaustive list.

What Accident Policies May Cover

Sprains, dislocations and fractures
Concussions
Lacerations, burns
Eye injuries
Torn knee cartilage
Ruptured discs
Hospitalization, confinement and inpatient rehab
Ambulance, urgent care + ER services

What Accident Policies May Not Cover

Self-inflicted injury or sickness
Injuries related to pre-existing conditions
Procedures that are not medically necessary
Experimental or investigational procedures
Procedures not prescribed by a doctor
Injuries resulting from war or active duty military service
Injuries sustained at work, while under the influence of drugs or alcohol or while participating in a high-risk activity like bungee jumping

Pros and Cons of Accidental Injury Coverage

Pros
Cons

Pros

You’re in control – You choose how to use your cash benefits to spend any way you need while you recover.
Keep your doctor – You may be able to use any provider or facility with no network limitations.
Enroll year-round – There is no official open enrollment period.
A plan for every budget – Different levels of coverage may be offered at different price points to meet individual needs.
Affordable monthly premiums – Because policies are so limited in what they cover, it’s relatively affordable to maintain this supplemental coverage.
No waiting period

Cons

Limited coverage + many exclusions – These plans are only meant to cover healthcare services related to accidental injuries that occur under specific circumstances.
Premiums are based on age and health – The younger and healthier you are the lower your monthly premium.
Not ACA-qualifying major medical coverage – Accidental injury coverage is a form of supplemental insurance. If you need a range of healthcare services you need an ACA-qualifying major medical policy instead.

Combine With Other Insurance Plans for More Coverage

Combine an accident policy with other supplemental health insurance products for more coverage. Hospital indemnity insurance, dental, vision, and critical illness insurance can complement your supplemental accident insurance.

Call 888-855-6837 to speak with an agent to learn