Med Pay Coverage Makes Sense For High-Deductible Health Plans
People who are insured under high-deductible health plans should consider adding medical payments or “med pay” coverage to their automobile insurance. Med pay coverage pays doctor, hospital and ambulance bills for injuries sustained in automobile accidents. It pays without regard to fault. There is no deductible. The premiums are relatively low and the amount of coverage ranges from $1,000 to $100,000, depending on how much med pay coverage the driver wants to purchase.
The initial treatment for automobile accident injuries is expensive. The typical ambulance bill is between $500 and $1,000, and the emergency room visit can cost $3,000 or more. If the injured person is insured under a high-deductible health plan, all of these costs can come straight out of pocket. If follow-up care such as physical therapy or an MRI is required, the client may actually be unable to afford necessary treatment.
Many Uses For Med Pay
Med pay coverage pays for these costs and postpones the time when the client will have to start writing checks against his or her deductible. Med pay can also be managed to pay for follow-up care, while the injured party makes arrangements to pay the ambulance bill and initial hospitalization on a payment plan, or under a letter of protection.
If a driver or owner of a car is insured under a high-deductible health plan and is “on the hook” for the first $2,500 or $5,000 of medical bills, it makes sense for the driver to consider med pay. It can make a big difference financially to an injured motorist.
Learn More About Med Pay From Our Experienced Injury Lawyers
To discuss med pay and why it may be a good option for you, contact our firm today. In addition to weekday office hours, we are open for client meetings on Saturday mornings and by appointment on Sundays, holidays and evenings.
Our attorneys accept injury cases on a contingency fee basis. We only collect an attorney fee if we help you obtain a recovery.