Supplemental Accident Expense
What Does Supplemental Accident Expense Mean?
Supplemental accident expense insurance is a type of accident coverage that can be added to an existing health plan. It helps cover costs arising from an accident or illness that are not typically included in a major medical plan. This coverage often includes out-of-pocket medical expenses, such as deductibles and copays, as well as other costs not addressed by standard medical or insurance plans.
Insuranceopedia Explains Supplemental Accident Expense
This insurance can be particularly beneficial for individuals with an existing health plan that has a high deductible, limited access to healthcare providers, or those looking to reduce their out-of-pocket medical expenses. Some insurance companies may offer this policy without requiring health assessments or proof of insurability. With supplemental accident expense insurance, the insured can choose any healthcare facility and receive benefits directly from the insurer, independent of any other benefits provided by their primary health insurance policy.
