Medical coverage in your auto insurance policy means that everyone’s medical expenses—yours as well as anyone else involved in the accident with you—will be paid for. If you do not have medical coverage in your auto policy and another person is injured, you may be responsible for medical expenses, and this can get very expensive very fast.
Remember also that if at any time after the accident, unless a legal agreement has been reached stating that after a specific amount of time you will no longer be responsible for medical expenses, if further treatment is necessary you will have to pay for this, also. This can occur years down the road, at a time when your income may have been lowered due to retirement, job loss, or other reasons.
If you are injured, your health insurance may only pay for a portion of the medical treatment.
If you are injured in an automobile accident and your health insurance does not cover everything, or if you have co-pays or other out-of-pocket payments, you can submit the additional costs to your automobile insurance company if you have medical coverage. This can be very cost-effective, especially if you have a lengthy recovery.
In some cases the health insurance company may ask that your automobile insurance medical coverage pay:
- For all or part of your medical treatment or, the health insurance company may pay for the treatment, but then recoup a portion of the expenses from your automobile insurance company.
- In addition, some automobile insurance policies may have coverage in the medical benefits portion that helps with lost income or other issues that arise from injuries in automobile accidents. This may not be available with your health insurance policy, so you would have this to fall back on.