Many people consider how much auto insurance coverage they may need, balanced against its cost. Yet, most people think much about the different kinds of auto insurance available to them. Most don’t know medical payments insurance is even available. Unfortunately, despite being legally mandatory, many Alaskan drivers fail to carry any auto insurance – much less the right amounts. One important type of automobile insurance is “Medical Payments” coverage. It is just as important as Liability and Uninsured Motorist coverages. Alaskan residents can protect themselves by purchasing as much medical payments insurance as they can afford – at least $25,000 per person. $100,000 per person is even better. It’s cheap protection.
Understanding Medical Payments Insurance
Generally speaking, medical payments insurance covers the cost of medical expenses arising from an automobile accident – regardless of who is at fault. Medical payments insurance can also cover the following expenses that may arise out of a car crash – even if you are nowhere near your insured vehicle:
- Medical Transport;
- Emergency Room Expenses
- Radiology – X-rays / CT Scans / MRIs
- Surgeon fees;
- Medical facility / hospital fees;
- Doctor’s visits;
- Dental care required as a result of a car crash; and
- Funeral expenses.
It covers all of your occupants. Medical payments insurance is optional in Alaska. Sadly, many people either decline the coverage, or do not know they have the option of purchasing Medical Payments coverage. Medical payments insurance can be used directly as primary coverage for expenses, or as a supplement to health care coverage you already have – paying co-pays and deductibles when you use your health insurance. Different policies take a different approach to this. Nonetheless, having medical payments insurance offers peace of mind that all expenses will be covered.
How to Get Medical Payments Insurance
The good news is, medical payments insurance can be added to your car insurance policy at any time. The cost of medical payments insurance is directly proportional to the amount of coverage you select per incident. Depending on your insurance policy and the size of coverage you choose, the insurance can be as low as $2.00 – $7.00 per month. I purchased $100,000 of Medical Payments coverage from State Farm – all they would sell me – and it costs me $64 every six months – about $10/month. Medical payments insurance costs very little. Hopefully, you will never need it. But if you do, medical payments insurance ensures occupants receive the medical care they need, without cost to them.
BOTTOM LINE: If you or a loved one gets hurt in a car crash, be sure to coordinate payment of your medical bills between your health insurer and your Medical Payment insurer. DO NOT let your Medical Payments insurer exhaust itself up front. This is a common mistake. At Merdes Law Office, P.C., our expert Alaska personal injury attorneys have the experience you need for a successful outcome; furthermore, you don’t pay unless we win your case. For further information or to schedule a free initial consultation call 907.452.5400 or visit www.Merdes.com.
The Merdes Law Firm has been helping injured Alaskans for more than 25 years. It’s who we are; and while we hope you don’t need us … we’re here if you do.