Medical Payments Coverage. What is it? Should I get medical payments coverage?
Working for an insurance carrier taught me lots of things about the insurance industry. So many different kinds of policies and coverages. Learning about those coverages and policies allows me to help navigate medical bills and insurance coverages for my clients. One of those types of coverage is called Medical Payments Coverage, or commonly, MedPay.
What is MedPay?
MedPay is a no-fault type of insurance coverage. If you have MedPay on your policy, it can cover your medical bills if you are hurt in a car accident or slip and fall case, even if you were at fault.
MedPay in car accidents is often a first-party coverage, meaning you purchase the coverage through your own insurance carrier. You should purchase it, it's cheap. Oftentimes, you can obtain $5,000 in MedPay coverage for less than $30 per 6 month period. If you are in a car crash, even if you caused it, you can submit your bills to your carrier and they will send you a check for the amount of your bills, up to $5,000. Families especially find MedPay valuable because it can cover health insurance deductibles and other out of pocket medical expenses.
Alternatively, if you are a passenger in a vehicle and the driver has MedPay, you can tap into their coverage as well. This is often overlooked in injury claims.
Last, but not least, if you are injured in a slip and fall type situation, occasionally a store owner will carry MedPay and reimburse you for your medical bills.
You can always call with questions about MedPay or other injury related questions. I do not charge to discuss your options.