Even with health insurance, unexpected injuries from accidents can leave you facing serious out-of-pocket costs. High deductibles, copays, policy exclusions, and network restrictions often mean you’re paying more than you anticipated, and that is where accident insurance steps in.
What Is Accident Insurance?
Accident insurance is a supplemental policy designed to help cover the costs associated with accidental injuries.
Key Features of This Accident Insurance Policy
- Pays Up to $25,000: This policy provides benefits of up to $25,000 for covered accidents, which can help with medical bills, lost income, transportation, or any other expenses you face during recovery.
- Guaranteed Issue: No medical exam or health questions are required. Everyone qualifies, regardless of health status.
- Direct Payment to You: Benefits are paid directly to you, not to doctors, hospitals, or clinics. You decide how to use the money, whether it’s for medical treatment, household bills, or childcare during recovery.
Why You Might Need Accident Insurance
Even if you already have health insurance, it might not be enough. Many people find themselves underinsured due to:
- High deductibles that must be paid out of pocket before coverage kicks in.
- Copays and coinsurance that add up quickly during emergency care or follow-ups.
- Network restrictions that may force you to pay more if you’re treated out-of-network.
- Coverage loopholes or exclusions that limit what your plan will pay.
These gaps can be financially devastating, especially when an accident happens unexpectedly. Accident insurance can provide critical cash when you need it most, offering peace of mind in a crisis.
Who Can Benefit?
Accident insurance is ideal for:
- Individuals with high-deductible health plans.
- Parents of active children or teens involved in sports.
- Self-employed workers or freelancers without employer-sponsored short-term disability.
- Anyone looking for an extra layer of financial protection in case of an accident.
The Bottom Line
Accidents are unpredictable, but your finances don’t have to suffer because of them. With up to $25,000 in coverage, guaranteed issue, and direct cash benefits, accident insurance can help bridge the gap between what your health insurance covers and what you need.
It’s an affordable, flexible way to prepare for the unexpected and protect your financial future.
To learn more about your insurance choices, connect with one of our agents today to discuss all your options and answer any questions you may have. The experts at LIG Solutions have licensed health insurance professionals who intend to offer a simple and transparent view of healthcare coverage. There’s no need to spend hours trying to understand different plan options – we’ll work with you to understand your needs and budget to recommend a plan that will work best for you. And because we have no vested interest in which insurance carrier you go through, you can rest easy knowing we are truly looking out for your employees’ best interests.
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