We know that medical payments coverage can be a confusing topic for many of our clients. To help clear up any knowledge gaps in this area, let’s discuss what medical payments coverage is and how it works in today’s post!
What is medical payments coverage?
Medical payments coverage goes by a few different names, including medical expenses coverage or “MedPay,” but they each mean the same thing: insurance coverage for medical bills resulting from an accident–regardless of which driver is at-fault.
In no-fault states (there are 12 of these but Colorado is not one of them), this coverage isn’t available. But for drivers who have this option, it may need to be turned down in writing if they do not want it.
How does medical payments coverage work?
MedPay coverage works by offering you, or anyone else injured in the collision, with coverage for resulting medical bills. It is especially useful for people whose own medical insurance has a high deductible.
Medical payments coverage tends to have higher coverage limits and covers a broader range of treatments and services. It can give drivers a lot of peace of mind that they won’t face financial ruin if they, or their passengers, are injured in an auto accident.
It can cover a number of things, including:
- Emergency room visits
- Doctor visits
- Chiropractic services
What kind of coverage do I need?
In Colorado, car insurance is legally required with these minimums:
- $25,000 for bodily injury or death to any one person in an accident;
- $50,000 for bodily injury or death to all persons in any one accident; and
- $15,000 for property damage in any one accident.
Although MedPay may not be legally required, it’s beneficial for most drivers and it’s often more affordable than they think! Do you want to talk more about the insurance options that suit your needs and your budget? Give the team at 1st American Insurance Agency a call today to discuss your options!