Your health insurance may pay, but many health plans have high deductibles and co-pays, which can drain your finances before an insurance agreement is reached with the at-fault driver. If you have medical bills as a result of an accident, your insurance company may consider your health insurance or MedPay coverage as the primary coverage. The coverage of your medical payments may be sufficient to cover your health insurance deductible and co-pays, so that you can use your health insurance with no out-of-pocket costs for you. If you don't own a car, but you borrow it frequently, you can purchase a third-party liability policy that pays for damages and injuries you cause to others while driving a borrowed car.
If the other driver's limits aren't enough to cover all your medical bills, file a claim with your car insurance company or health insurance company. Medical payment coverage is an add-on to your car insurance policy that will help you cover medical expenses that you might incur if you are treated for injuries after a car accident. If you don't have a deductible and your health insurance covers car accidents, then you don't need MedPay. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer.
In addition, if you reach the maximum of your coverage limits, either through your health insurance policy or the comprehensive coverage of your car insurance policy, MedPay can make up the difference. For example, if your car is 10 years old, the company will pay you the value of a 10-year-old used car. You can keep the rented car for as long as the company deems reasonable for repair. If your health insurance covers car accidents, you'll likely have to pay a deductible or co-pay before the insurance takes effect.
Even if you already have health insurance, medical payment insurance may be indispensable, as it can help cover the out-of-pocket expenses that your health insurance may leave you, such as deductibles. You may still be able to find cheap car insurance and, at the same time, include (or increase your level) of medical payment coverage, since this is usually low-cost coverage. Coverage for medical payments through your car insurance could help you pay for those expenses and give you peace of mind. If the other driver's policy limits aren't high enough to pay for all your car repairs, file a claim with your insurance company.
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