All students are covered by the district’s student accident insurance while they are at school or participating in a school-related activity. However, the coverage is only limited to accident-related injuries that occur in the confines of the school. What if your child has an accident outside the school premises? Can you afford to spend, say, $10,000 in the E.R. for an accident-related injury?
If you want to have a peace of mind when it comes to your child’s safety and not experience medical debt, you could always get a supplemental accident insurance plan to cover your whole family whether at work, home or play. Accident insurance is a cost-effective way to guard against injury-related medical bills. If you have a high-deductible on your health insurance plan, you could end up with no coverage for an E.R. bill. You will be forced to pay that bill out of your own pocket.
Having this supplemental insurance policy can come in handy then because you’ll only have a $100 deductible for accident-related medical bills. It can pay $10,000 worth of coverage for healthcare costs. That’s not an annual limit. The coverage is $10,000 per covered person injured for every accident. You can also put your whole family on a plan with you. Then, each person on the policy will have up to $10,000 of coverage each time they need it. It may not be a bad idea to cover the whole family because emergency rooms treat approximately 200,000 children for playground injuries every year.
Supplementing your high-deductible health insurance plan with personal accident insurance is one of the smartest moves to make if you want to save on health care. If you have questions on how these supplemental plans work or how much coverage you will need, you can check our How To Guide. You may also call us to talk with one of our expert advisors. They will walk you through the process of getting an accident insurance policy that will soon protect your whole family.