Monday 23 July 2012

Accident Plan Benefits

Has your Broker presented you with an Accident Insurance ? Maye be Not. When you purchase A high deductible plan it is important to add an accident plan or accident insurance, especially if you have children.    


Here is Why
I personally have a high deductible plan with a 10,000 deductible. My son is 5 years old and at that age they are fearless. He was running in my neighbors house and came around the corner and hit his chin on the granite countertop. His tooth was clearly busted and bleeding. I rushed him to the Emergency Room to see if it was serious. ($75) Just to talk to him. The Emergency Room suggested i speak to his dentist. We immediately scheduled a visit to the dentist. After walking into the dentist without even going in was another ($227). The dentist of course needed to pull it out and give him laughing gas ($110). They pulled his tooth and we were on our way ($412 total) The insurance plan has a 10, 000 deductible and they did not cover anything of course. I filed a claim with the accident plan and the plan covered everything minus a $50 deductible , Awesome

What is Accident Insurance?
Accident insurance is a stand alone policy or even could be included in your policy depending on the carrier for a monthly fee. The accident insurance will cover just accidents. The unexpected things that will happen but you never know. There are different amounts that you could get up to $10,000. Policy Online suggests that you get at least 1/2 of your deductible in accident insurance .


Policy Online Suggestion
Policy Online suggests getting a plan from Value Benefits Of America (VBA ) for many reasons.

1) when you purchase a plan you can add the whole family for $5 extra per month for everyone.
2) The plans come with Call MD. This feature alone is worth the cost.

3) All Plans come with Helicopter rescue which major medical plan usually do not. The paramedics will call for a helicopter if you need it and that trip could be $15,000

4) Out of Country coverage.

5) A Rated Insurer. The NEA accident plan from VBA is insured from Chubb Insurance .

6) Benefits are paid directly to you!!!



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