As any parent knows, injuries always happen. You can’t predict when an accident will occur, and the last thing you want to worry about is the unexpected costs. Even after your medical insurance pays its portion, you could still face bills for deductibles, copays and coinsurance. That’s where EssentialCare Accident Indemnity can help ease financial stress.
What is Accident Indemnity Insurance?
Accident Indemnity is a supplemental health insurance policy that helps you pay for out-of-pocket medical and non-medical costs resulting from an accident or injury. This insurance product is separate from your primary health plan and will provide lump-sum cash benefits that are paid directly to you, not doctors or hospitals.
What Makes BCS EssentialCare Different?
BCS EssentialCare Accident Indemnity is designed with employees in mind. With flexible plan designs, brokers and employers can build a plan that works for their employee population – including an Organized Sports benefit, which provides an additional 25% bonus payout on top of other payable benefits. EssentialCare also covers everyday accidents such as falls, burns, or lacerations, and a suite of dependent child and caregiver benefits that can be especially helpful for employees in various life stages.
How It Works: A Real Parent Story
One parent of two active children shared how EssentialCare Accident Indemnity helped cover the medical costs after their injuries. Over the past three years, their family has filed multiple claims – including a wrist fracture during a game and a concussion. In both cases, the plan helped relieve the financial burden by providing direct cash payouts.
“I feel that it’s a necessity for parents to enroll in Accident Indemnity coverage, especially if they’re on a High-Deductible Health Plan (HDHP). The Organized Sports benefit helped chip in additional money beyond what we were initially supposed to be paid. The plan helped make the expenses a lot less painful for me as the parent who pays the bills!”
Real Parent Claim totals:
- Broken Wrist: $3000 total paid (including $600 Organized Sports Benefit)
- Concussion: $750 total paid (including $150 Organized Sports Benefit)
- Sprain: $450 total paid (including $50 Organized Sports Benefit)
“In every instance, the Claims Team made the process incredibly easy. I signed a HIPAA release form along with my initial claim form, and they took care of all requests for additional information directly with our doctor’s offices. The payments came quickly and the whole process was really simple.”
Who might Benefit?
Accidents can happen to anyone, and the unexpected costs can have a big impact on finances. Anyone who could benefit from having additional cash in the event of an accident or accidental injury may be a good fit for Accident Indemnity Insurance.
As you review health benefit options, consider adding Accident Indemnity Insurance. To learn more about EssentialCare Accident Indemnity Insurance, contact BCS today.
