Injury insurance plans are available in the United States and coverage is for accidental bodily injuries. Other nick names for this type of accident only coverage is emergency room insurance plan, 24 accident coverage, personal accident insurance policy, and supplemental accident coverage. This clever style of accident supplement gets a lot of attention because plans can be used with any hospital, doctor, urgent care facility, or medical clinic. Plans are very practical for injuries that require surgery because members can choose any surgeon and in many cases the supplement can pay for the entire surgery minus the deductible (which is usually $100 US dollars). Plans are automatic issue up until age 70 and the online applications have no health questions. Of course, these plans only pay for injury related expenses that happened after the supplement was in force.
This particular type of personal injury policy is a form of indemnity insurance. Indemnity is a fancy way of saying compensation. Indemnity insurance plans compensate policy holders up to a predetermined policy face value amount. This compensation is used to cover a financial loss the accident policy holder incurred from a doctor or hospital bill. Indemnity plans in this market will either compensate you directly or payoff the doctor or hospital bill for you. Indemnity health care supplements are popular because people know exactly what the plans pay out before hand.
Typical policy face values are $2,500, $5,000, $7,500, and $10,000. Accident policies compensate up until the benefit max of $2,500, $5,000, $7,500, or $10,000 minus the $100 deductible per accident. Plans will pay benefits with any licensed doctor or hospital in the United States. Each injury is treated as a separate event so policy benefits reset for each mishaps. ER supplements can also be used as travel insurance since policies compensate for a doctor or hospital bill for up to one or two consecutive months outside the United States. Another way of saying that is, these plans pay benefits while traveling abroad for up to thirty to sixty days outside the country. The family prices listed below include everybody. It’s the same monthly price for a three person family or a twelve person family.
Injury insurance plan policy face value benefits and general price guidelines:
Individual: $5,000 benefit – $22 a month.
Individual: $7,500 benefit – $28 a month.
Individual: $10,000 benefit – $34 a month.
Family: $5,000 benefit – $35 a month (includes everyone)
Family: $7,500 benefit – $41 a month
Family: $10,000 benefit – $47 a month
Quick snapshot of personal accident insurance policy benefits:
- Hospital miscellaneous expense during admittance, cost for the operating room, anesthesia, surgical procedures.
- Emergency Room bills
- Surgeon and Doctor fee for surgery (in or outpatient)
- Ambulance Expense (ground ambulance or air)
- Doctors visits for inpatients and outpatients.
- Hospital room and board including general nursing care.
- Prescription drugs.
- X-Rays, MRI’s, Casts, Splints, Crutches.
- Dental treatment for injured sound natural teeth.
- Nurse expense (registered nurse).
Injury insurance plans have two main uses in the United States. The most popular use of these membership based accident plans is to cover a HDHP (high deductible health plan). Most catastrophic style PPO plans (Preferred Provider Organization) have large deductibles that are exposed to any type of emergency room bill. So when a child has a broken bone or youth sports injury that family deductible could be coming out of your savings account. Deductible is a term used in the insurance world to describe what a policy holder pays out of pocket before the insurance company pays. It’s not a bad idea to pick up a ER policy to compliment a health plan since most policies don’t pay anything until the deductible is met. Ask any medical insurance agent how most of their clients meet the deductible and they’ll most likely say “emergency room bills from accidental bodily injury”. This is especially true for young kids.
Some people use personal accident supplements to cover emergency room related expenses for youth sports injuries, school insurance for a sport injury, youth sports coverage, or a injury supplement to cover summer sport camps.
On a side note regarding coverage for youth sport insurance and school insurance for sport injuries. I checked out plans in this market and theirs tons of medical plans to cover sport camps or a team policy but this is more like group coverage and getting straight forward prices and benefits was confusing. Theirs a lot of plans online for the youth sport camps owner and faculty relating to bodily injuries and property damage. However, this article isn’t about plans to protect sports and recreation facilities against being sued. This is about personal injury insurance supplements that could be used as youth sport insurance.
