Accident

What Is Accident Insurance?

Accident insurance can help keep your finances on track when an accident happens.

Your medical insurance will cover some of the expenses, but you'll be left to foot the bills for your copays and deductible. Those can add up fast, especially if you're unable to work while you recover. That's where Group Accident insurance comes in: It helps protect your bank account from the out-of-pocket expenses that can come with an injury — whether you're coping with a broken arm or recovering from a serious car accident.

How Does Accident Insurance Work?

In the event of a covered accident, your Accident insurance will pay a benefit directly to you. You can use this money wherever you need it most — whether that's to help with your deductible, copay and other medical bills, or your daily expenses while you recover.

 

Key Benefits
Helps pay expenses not covered by medical insurance
Covers a wide range of treatments due to an accident
Pays money directly to you, not medical providers
Pays an added benefit for youth sports injuries
Benefit Examples
Falling off a ladder benefit example for Accident insurance
Falling Off a Ladder
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While cleaning the gutters, Kang lost his footing and fell off the ladder. He felt a lot of pain, but thought that a little ice would fix him up. The next day, he was in worse shape and visited an urgent care facility where it was determined that he had fractured his arm and dislocated his elbow. He then needed some physical therapy to get back to full strength. His Accident Insurance benefits helped protect his savings from the out-of-pocket costs he incurred.

Kang's insurance paid benefits for:

  • Urgent care
  • X-ray
  • Dislocated elbow
  • Arm fracture
  • Physician follow-up
  • Physical therapy (two sessions)

 

*Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Youth sports
Youth Sports Injury
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Emily's 15-year-old daughter was playing soccer in a tournament. While she was attempting a slide tackle, her leg got tangled with her opponent, and she was unable to walk. Emily took her to an ER, where the scans revealed a torn ACL and meniscus. After her daughter's knee surgery, Emily used part of her Accident Insurance benefit to pay the copays she incurred under her medical insurance plan.

Emily's insurance paid benefits for:

  • Emergency room
  • X-ray
  • MRI
  • Knee surgery
  • Surgical facility
  • Crutches
  • Physician follow-up
  • Physical therapy (two sessions)
  • Youth organized sports

 

*Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Mountain bike
Mountain Bike Accident
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Warren was mountain biking with friends in the hills near his home, and an errant rock caught his front tire. He went over the handlebars and landed badly on his hand and shoulder. His friends managed to help him limp back to the trailhead and called 911. An x-ray at the emergency room showed a wrist and collarbone injury, and he had to stay in the hospital for observation. His Accident Insurance benefit helped cover the expenses he incurred from the injury, including the deductible from his medical insurance.

Warren's insurance paid benefits for:

  • Ground ambulance
  • Emergency room
  • X-ray
  • Dislocated collarbone
  • Wrist fracture
  • Hospital admission
  • One-day hospital stay
  • Physician follow-up

 

*Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Car accident benefit example for Accident insurance
Hit By a Car
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Dante was visiting a nearby city and taking a walking tour to see the sights. While crossing the road, he was struck by a car. An ambulance took him to the hospital, where they found multiple fractures. Because of the severity of his injuries, he had to stay in the hospital for five days. The benefits from his Accident Insurance coverage helped him cover his copayments and meet the deductible under his medical insurance plan as well as some of the out-of-pocket expenses related to his family's travel to and from the hospital. He even used part of the benefits for his prescribed physical therapy to help him get back on his feet.

Dante's insurance paid benefits for:

  • Ground ambulance
  • Emergency room
  • CAT scan
  • Hospital admission
  • Five-day hospital stay
  • Leg fracture
  • Kneecap fracture
  • Two physician follow-ups
  • Physical therapy (two sessions)

 

*Example is for illustrative purposes. Eligibility for benefits and amounts shown in this example may vary from any policy your employer may offer and may vary based upon your individual circumstances, policy definitions, waiting periods, exclusions and limitations.

Don't Let an Accident Stop Your Financial Plans

Accident insurance is an affordable way to help cover the gap between what your health insurance covers and what you'd owe out of pocket if you or a family member were to get injured. It's protection that's also convenient.

Ask your benefits administrator about Accident insurance at your work.