Posted on behalf of Henness & Haight on May 15, 2011 in Insurance News
If you've never heard of "Medical Payments Coverage", it's an extra coverage that you can get through your insurance company. A lot of people I talk to say, "Oh, I have full coverage, I have everything I need.", but they really don't have full coverage. To me, full coverage is every coverage available: rental car coverage, uninsured coverage, under-insured coverage, and medical benefits coverage (commonly known as "Med Pay"). Med Pay is a no-fault health insurance policy that you have if you're in your car when there's an accident, and it covers anybody in your car, and it's usually sold in 1, 2, 5, or 10 thousand dollar increments (I carry $5,000 in Med Pay coverage). What that does is it will pay all of your out-of-pocket expenses, all of your co-pays, and all of your deductibles caused by a car accident, regardless of whether or not you caused it.
Even if you have health insurance, there are a lot of costs that don't get covered, and Med Pay can cover those things. The other benefit for that is: the at-fault driver's insurance company doesn't get the benefit of the Med Pay, so if Med Pay benefits have been expended, the other driver is still responsible for all the bills and all the costs incurred. One of the other things I tell all my clients about Med Pay coverage is that if you go to the hospital, don't bring in your car insurance. The hospital wants to use your Med Pay because it's like cash to them. But, if you have health insurance, use your health insurance.
Hospitals will suck up all of the Med Pay and then they'll still bill your health insurance for the balance. So don't tell them you have Med Pay, just tell them you have health insurance. They're required to take it if you have it. The other thing I tell me clients about Med Pay is if you use it, because there's no fault (it doesn't matter if it's your fault or not) your insurance company can't raise your rates or increase your premiums or drop you if you use it, so there's no reason not to use it if you do have it.
As always, if you have questions about injuries that have resulted from a car accident you should always engage the services of an experienced car accident attorney in Las Vegas.