In addition to liability coverage and under-insured motorist coverage, you can purchase med pay coverage as part of your vehicle insurance. Med pay coverage is a set amount of money for medical payments for you and anyone else covered under your auto insurance policy regardless of who is at fault. Typically, this coverage ranges from $1,000 to $15,000 or more.
This type of coverage follows you, so if you are injured walking, traveling on public transportation or driving your own vehicle, the coverage will apply to any injuries you sustain. It also requires no deductible or co-pay.
Med pay coverage is important if you are injured in an accident caused by another driver because as you have read in our previous blogs, the wheels of justice turn slowly. It can take months or even years to obtain money via a settlement or judgment from an at-fault party. As such, having med pay coverage can help fill in that gap while you are waiting to get paid. Even if you have health insurance, many of us still have high deductibles, co-pays or a percentage we must pay after insurance has paid for our medical treatment, and med pay coverage can help with these costs as well.
For example, if you have a $1,000 deductible under your private health insurance and a 20% co-pay, and you have $5,000 in medical bills from a car accident, you would typically pay $1,800 out of pocket. If you have med pay coverage, you pay zero out of pocket.
Med pay coverage can also be used to pay for costs that are not otherwise covered by insurance, such as chiropractic treatment. In the worst case scenario, it can even be used for funeral expenses.
Med pay coverage is particularly important if you do not have private health insurance. Do not use med pay coverage as a substitute for health insurance. In the end, med pay coverage is a cushion that you are buying.
If you have questions about this blog or if you have been in an accident and you’re in need of aggressive, courteous and professional representation, contact Cogburn Law Offices today. We can help.