Accident insurance. What is it and why is it important?

Accidents can happen when you least expect them. And while you can’t always prevent them, you can get help to make your recovery less expensive and stressful.

You can’t plan for accidents, but you can handle them better by being financially prepared.

You may be thinking—that’s why I have health insurance. But even the best medical plans may leave you with unexpected expenses like deductibles, copays, extra costs for out-of-network care, and non-covered services. Even the best medical plans may leave you with extra expenses.

Accident Insurance can help pay for unexpected expenses including those medical plans may not cover. If you or someone in your family gets hurt, there might be extra costs you didn’t plan for like childcare, physical therapy and co-pays. That’s why accident insurance is a great supplement to your medical plan. It gives you a financial cushion to help offset the costs that may come with an accident. These expenses can add up, and you shouldn’t have to choose between getting the care you need and keeping your finances intact.

Accidents are expensive

Think about the hassle that comes along with a broken bone or a concussion? With accident insurance, you’ll receive a single, one-time payment, paid directly to you — not to your doctors, hospital or healthcare providers — giving you the total flexibility to spend the money on anything you need, like co-pays, rides to work or daily living expenses. It’s a small, monthly contribution that creates invaluable protection.

How it works

Accident insurance provides a financial cushion for life’s unexpected events by helping you pay for costs that aren’t covered by your medical plan. It provides you with a lump-sum payment—one convenient payment all at once—when you or your family need it most. The extra cash can help you focus on getting back on track, without worrying about finding the money to help cover the costs of treatment. And best of all, the payment is made directly to you, and is in addition to any other insurance you may have. It’s yours to spend however you like, including for your or your family’s everyday living expenses. Whatever you need while recovering from an accident or injury, accident insurance is there to make life a little easier.