Insurance for Medical Payments
Some insurance policies come with a line item often referred to as “medical payments” or “med pay”. The amount of the med pay line item in most insurance policies is typically low — less than $5,000. But with the cost of medical treatments being so high, why is the med pay so low? And what happens if the medical costs rise above that amount?
Med pay is an easy way to get an insurance company to pay for minor injuries. For example, if you are in a minor car accident, and your passenger gets a cut on his or her face, someone’s insurance policy should pay for treating the injuries. If the other driver was at fault, then the other driver’s insurance should pay. If you are at fault, then your insurance should pay.
Med pay cuts through all the red tape and simply covers the cost of treating the minor injury. There is no need to worry about who is going to pay and how. If you have med pay on your policy, then your policy pays for the treatment, and no one has to sit and wait and worry about the insurance claims process.
However, if you’ve been involved in a car accident, as a driver or passenger, you should consult with a personal injury attorney as soon as possible. Many injuries that have low, short-term costs, can have high long-term costs. For example, people often hurt their knees in car accidents. In the short term, there is little to do except wait for the swelling to reduce. In the long-term, however, the injured party could face expensive physical therapy and lost wages. A good personal injury lawyer can ensure those long-term expenses are covered by the right insurance policy.
