Are injuries really so unexpected? Take stress fractures, for example. That’s a small crack in a bone. This kind of fracture develops from overuse, and it’s commonly from everyday high-impact sports like running or playing basketball or tennis.
Those sports are just part of everyday life, so maybe a certain amount of injuries are just a routine part of life. The cost of treating them, however, doesn’t really fit into everyday life any longer. Medical inflation has run amok, which makes personal accident insurance more important than ever.
You probably know from direct experience that health care is taking a bigger share of your paycheck each year. A Rand study pointed out that higher health care costs almost offset gains in income for the average U.S. family between 1999 and 2009. While accident health insurance doesn’t cover all types of health care, it can pay for treatment of some of the most common everyday injuries at a surprisingly low cost.
It’s become one the main ways to reduce out-of-pocket costs with today’s trend toward health insurance that doesn’t cover some kinds of medical treatment until your out-of-pocket costs meet the plan’s deductible. Take a look at the different levels of coverage and see whether personal accident health insurance can help you reduce what you’re spending for health care.