What is Accident Insurance?
Understanding Accident Insurance
We understand that in life sometimes accidents happen. When they do, a supplemental accident insurance plan helps protect your finances until you are back on your feet. Your health insurance may cover the costs of a fall from a ladder or a sports injury, but accident insurance can help fill in the gaps by providing cash benefits for additional expenses while you recover from your injuries.
How Accident Insurance Works
Accident insurance pays cash benefits for injuries resulting from an accident. You pay a monthly premium for coverage, so you are prepared when those unexpected life events come your way. Even if your health insurance covers 100% of your medical costs from the accident, you may still receive benefits from your accident insurance plan.
What Does Accident Insurance Cover?
Every accident insurance plan differs based on the injuries covered in your plan, the severity of the injury, and treatments for recovery. Here are some of the injuries that may be covered by accident insurance:
- Accident-related injuries such as broken bones or dislocations, burns, dental and eye injuries
- Ambulance services
- Emergency room care or urgent care
- Diagnostic testing such as X-rays and CAT scans
- Hospital treatment and surgical care for your injuries
- Physical therapy and rehabilitation
Understanding the details of your plan's coverage can help ensure that you have protection in place for you and your family.
Questions To Ask When Deciding On Accident Insurance Coverage
- What injuries are covered by the plan?
- What injuries are not covered?
- How quickly do you receive your payment when an accident occurs?
- Will you receive a lump sum or monthly payments?
- Is a medical exam required to qualify for the plan?
How To Use Accident Insurance Benefits
Most accident insurance plans typically become effective within days of application and the payment is made directly to you. There are no deductibles, copays, or coinsurance. Once you receive your benefits, you can use the cash to cover many of the costs incurred while recovering from your injury.
- Cost-of-living expenses while recovering
- Home care for you
- Day care for your children while you recover
- Transportation to rehab or treatment centers
- Medical costs not covered by health insurance
- Deductibles and out-of-pocket expenses from your health insurance plan
Is Accident Insurance Worth It?
The monthly premiums of most accident insurance plans are typically low in cost, which make them cost-effective add-ons to your health insurance coverage. You may want to think about accident insurance if you and your family lead an active lifestyle, your health insurance offers only limited coverage, or if out-of-pocket expenses from an accident would be costly with your current health insurance plan.
Rounding Out Health Insurance With Supplemental Insurance Coverage
Accident insurance is just one of many supplemental insurance plans that can complete your health insurance coverage. Serious illness and hospitalization are some of the “what ifs” you may also want to consider when supplementing your health insurance plan.
Critical illness insurance pays cash benefits when diagnosed with a serious illness, helping you pay bills and afford essential services you may need like home care while recovering from an illness.
Hospital indemnity insurance pays cash benefits that may cover inpatient hospital stays due to injury or illness as well as expenses while you are recovering at home.
Choosing The Right Accident Insurance Plan
Anthem can assist you in selecting an accident insurance plan that compliments the lifestyle of you and your family. Learn more about how supplemental insurance and your health insurance plan can work together to help you stay protected from the unexpected.
For more information, call us at 888-811-2101 (TTY: 711).
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Anthem Blue Cross and Blue Shield is the trade name of: In Colorado: Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc. In Connecticut: Anthem Health Plans, Inc. In Indiana: Anthem Insurance Companies, Inc. In Georgia: Blue Cross Blue Shield Healthcare Plan of Georgia, Inc. and AMGP Georgia Managed Care Company, Inc. In Kentucky: Anthem Health Plans of Kentucky, Inc. In Maine: Anthem Health Plans of Maine, Inc. In Missouri (excluding 30 counties in the Kansas City area): RightCHOICE® Managed Care, Inc. (RIT), Healthy Alliance® Life Insurance Company (HALIC), and HMO Missouri, Inc. RIT and certain affiliates administer non-HMO benefits underwritten by HALIC and HMO benefits underwritten by HMO Missouri, Inc. RIT and certain affiliates only provide administrative services for self-funded plans and do not underwrite benefits. In Nevada: Community Care Health Plan of Nevada, Inc. and Rocky Mountain Hospital and Medical Service, Inc. HMO products underwritten by HMO Colorado, Inc., dba HMO Nevada. In New Hampshire: Anthem Health Plans of New Hampshire, Inc. HMO plans are administered by Anthem Health Plans of New Hampshire, Inc. and underwritten by either Matthew Thornton Health Plan, Inc. or Anthem Health Plans of New Hampshire, Inc. In 17 southeastern counties of New York: Anthem HealthChoice Assurance, Inc. and Anthem HealthChoice HMO, Inc. In these same counties Anthem Blue Cross and Blue Shield HP is the trade name of Anthem HP, LLC. In Ohio: Community Insurance Company. In Virginia: Anthem Health Plans of Virginia, Inc. trades as Anthem Blue Cross and Blue Shield, and its affiliate HealthKeepers, Inc. trades as Anthem HealthKeepers providing HMO coverage, and their service area is all of Virginia except for the City of Fairfax, the Town of Vienna, and the area east of State Route 123. In Wisconsin: Blue Cross Blue Shield of Wisconsin (BCBSWI) underwrites or administers PPO and indemnity policies and underwrites the out-of-network benefits in POS policies offered by Compcare Health Services Insurance Corporation. Compcare underwrites or administers HMO or POS policies. Independent licensees of the Blue Cross and Blue Shield Association. Anthem is a registered trademark of Anthem Insurance Companies, Inc.
CA: Anthem Blue Cross is the trade name of Blue Cross of California. Independent licensee of the Blue Cross Association. Anthem is a registered trademark of Anthem Insurance Companies, Inc.
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