Help diminish the financial impact of an accidental injury with accident insurance.
Maybe you receive a concussion when you fall from a ladder, or you break your ankle playing softball with your children, or perhaps you are rushing into the kitchen and cutting your finger deeply, requiring stitches. Accidental injuries are always sudden, but the effects can go beyond the physical harm they cause to your body. They can lead to out-of-pocket health or other costs. Help diminish the financial impact of an accidental injury with accident insurance.
How Accident Insurance Benefits You
Although your primary health insurance might cover most of the costs of your injury treatment, it likely does not cover everything, and even with it, you might have deductibles or copays. Additionally, out-of-pocket expenses can result while you have an injury, such as medical supplies like transportation to appointments, crutches, and child care while at physical therapy. That is where accident insurance can help.
Accident insurance is a form of supplemental medical insurance that pays for specific injuries or treatment after a covered accident. But it doesn’t replace your health insurance, it complements it. Therefore, accident insurance is meant to help reduce the financial impact of an accident and may even help you from going into your savings for daily living or other expenses that result.
What Kinds of Injuries and Treatments Does Accident Insurance Cover?
Coverage varies by policy, but some of the following covered benefits and treatments can be included with accident insurance:
- X-ray
- Medical equipment
- Emergency room treatment
- Hospital admission and confinement
- Common injuries such as burns, lacerations, emergency dental work, and concussions
- Fractures
- Dislocations
Where to Obtain Accident Insurance
Like any other supplemental health insurance, you can generally obtain accident insurance through your employer. You will usually receive insurance premiums through payroll deductions. In addition, you can take the coverage with you and pay the insurer directly if you leave your employer or are no longer eligible under the group policy.
Consider the Retirement Savings Connection
Have you ever considered accident insurance and its connection to retirement savings? Using accident insurance to help reduce the financial impact of an accidental injury can help your finances in the long term. Gathering your workplace benefits and retirement savings together could assist you in making informed financial decisions for the future.
Find the Right Health Insurance Solutions for Your Needs
Malden Solutions has a wealth of expertise in providing employer insurance solutions, HR solutions, and individual insurance solutions to businesses both big and small. Our team of seasoned professionals can help you navigate the rapidly changing world of insurance with ease. We partner with businesses and individuals throughout the country to provide our dedicated services for employee benefits but also work within our surrounding communities in Maryland, Northern Virginia, and Washington, D.C. Contact us today to learn more about how we can provide effective, dynamic solutions for your business. Stay connected with us on X, Facebook, and Linkedin