Accidents happen, regardless of your age. They’re always unexpected and can be costly.
Nearly 25 million office visits and 25.5 million emergency department visits occurred because of unintentional injuries, according to the National Hospital Ambulatory Medical Care Survey.
Having personal accident insurance can take some of the sting out of having to pay out of pocket for a personal accident. Unlike health insurance plans, accident insurance will pay out a cash benefit after an accident has occurred.
Some of the benefits to having supplemental accident insurance include:
- Peace of mind knowing that extra financial help is available when an unexpected accident occurs.
- The cash benefit can be used to pay deductibles, co-pays and out-of-pocket costs or everyday expenses.
- The cash benefit is paid directly to you, not to the medical providers.
Do you need Accident Insurance?
The unpredictable nature of an accident-induced health emergency can leave you reeling. Here are some reasons you might need accident insurance.
- Your health insurance may not fully cover your accident. Most health insurance policies have network requirements, deductibles to be met and coverage limitations that can leave you with significant out-of-pocket expenses.
- You or your family are physically active. If injuries were predictable, they would be far less common. Being physically active can result in accidents, even when you’re careful. Children are more prone to accidents due to their activities.
- You are aging. As people age, they can become weaker and more unsteady on their feet, increasing the chances of a fall or other injuries.
Chances are, you’re not prepared for an emergency room visit, x-rays, diagnostic testing or a hospital stay. The associated costs rack up fast.
Accident insurance can ease the burden if something unfortunate were to happen to you or a member of your family.
The experienced team at UROne can help determine your accident insurance needs. Contact us here or at 800-722-7331.
This post was originally published in July 2018; updated June 2024.