Accident insurance benefits help you prepare for the unexpected and provide an affordable way for individuals and families to be protected from the extra expenses that can come after an accident.
Recovering from an accident is hard enough without the added stress unforeseen expenses can bring. Accident insurance can help ease this burden.
The Main Benefits of Accident Insurance
There are many benefits that come along with adding accident insurance accessible through membership in AWA. While the specific benefits will vary based on which insurance product you choose, available benefits include:
- Minimizing out-of-pocket health care expenses specifically related to a covered accident
- Receiving cash benefits towards medical services related to a covered accident
- Protecting your finances while dealing with a covered critical illness
Get the Right Level of Accident Insurance Benefits at the Right Price
Three of our AWA memberships include access to accident insurance benefits. You can choose the right membership that offers the level of insurance that works best for your needs.
When you choose the AWA SecureElite Membership, you will have access to Supplemental Critical Illness and/or Group Accident Only Insurance.
What does this include? In the case of an unforeseen accident or severe illness, members receive cash benefits they can use for anything they like, including out-of-pocket medical expenditures, transportation costs, childcare, food, or paying monthly bills.
AWA Life Plus Triad
AWA Life Plus Triad gives people and families affordable access to health care with simple-to-use benefits that kick in immediately. They include:
- Term Life
- Critical Illness
- Accidental Death & Dismemberment
Members don't have to worry about deductibles or copays since they pay specified cash amounts for covered health care services. The AWA Life Plus Triad membership will help you cope with escalating healthcare costs and provide you peace of mind in the future.
AWA Life Plus ADD
Members of AWA Life Plus ADD have access to Term Life and Accidental Death and Dismemberment insurance coverage, which can be beneficial in the case of an unforeseen accident.
This coverage allows members to more easily plan for the unexpected with AWA Life Plus ADD, which is partnered with AirMed Emergency Medical Air Transport and FreeWill, a leading estate planning tool.
Get Answers to Frequently Asked Questions About Accident Insurance?
If you have additional questions about accident insurance, we invite you to contact AWA to get direct answers. In the meantime, keep reading to get answers to some of the most frequently asked questions.
What is accident insurance?
Accident insurance can assist you in covering medical and other out-of-pocket expenses that may arise as a result of an accident. This provides coverage toward items like emergency care, hospital stays, medical tests, and ancillary costs like transportation and housing.
How is accident insurance beneficial?
If a person covered by accident insurance is injured in an accident covered by their policy, they receive a benefit paid directly to them that they can use in whatever manner they see fit. It is often used to cover:
- Emergency care
- Hospital stays
- Medical exams
- Necessary supplies
It can also be used to pay rent, the mortgage, utility bills – anything a person needs after an accident.
In the event the covered party dies in a covered accident, the accident benefit is paid directly to their beneficiaries. It is often used to pay for funeral or medical expenses.
What does a personal accident insurance policy cover?
Personal accident insurance is different from health insurance in that the funds aren't limited to solely covering medical expenditures; you may spend the money for whatever you like. It might assist you in paying for uninsured medical expenses such as your ambulance travel or the amount you need to contribute to fulfill your deductible.
However, the funds can be used for non-medical expenses such as hiring additional daycare while you heal or paying your rent and purchasing groceries if you cannot work.
The insurance will most likely include limits on how much you may claim and how often you can submit a claim for a qualifying accident. In a typical accident insurance policy, you may have coverage toward the following:
- Injuries (including burns, fractures, lacerations, and concussions)
- Medical treatment and other out-of-pocket services
- Hospitalization costs
You can also utilize the money for day-to-day costs. Check your policy to see how payouts are handled. The amount you receive is typically proportional to the severity of your injuries.
What is not covered in accident insurance?
Your particular policy will specify what is covered by accident insurance, and it will also specify what is not covered. While you can use the benefits for whatever expenses you need, certain types of accidents will not be eligible for benefits. These include:
- Self-inflicted injuries
- Most dental injuries
- Injuries sustained while under the influence of drugs or alcohol
- Injuries sustained while committing a crime
- Accidents caused by a prior illness
Read your policy carefully, as there might be additional examples of accidents that are not covered.
How many types of accident insurance are there?
There are two main types of accident insurance:
- Accident expense insurance. This covers the costs associated with injuries that result from a covered accident.
- Accident death and/or dismemberment insurance. This coverage is for you or your beneficiaries, who are paid a lump sum in the event of a loss due to a covered accident.
What is the difference between accident insurance, disability insurance, and health insurance?
Each of these types of insurance has its own uses and advantages.
- Accident insurance pays a lump sum when the covered injury occurs.
- Pro: You have total flexibility on how funds can be used.
- Con: You can only file a certain number of claims per your particular policy.
- Disability insurance is designed to replace your lost wages if you cannot work due to a covered injury, illness, or another medical event.
- Pro: You receive payments monthly. There are both long- and short-term disability options.
- Con: You must be disabled for a certain period of time before you are eligible for benefits.
- Health insurance covers visits to the doctor, hospitalization, surgeries, medications, etc.
- Pro: It can significantly lower the cost of visiting the doctor and medical treatments.
- Con: Co-pay, deductibles, and co-insurance can make medical care expensive, even with insurance.
Can accident insurance be used in conjunction with disability, health, and other types of insurance?
Yes. In fact, if you look at the previous question, you can easily see how accident insurance benefits the covered party even if they have disability and health insurance.
Remember that disability requires a waiting period for coverage. During this time, a person could receive their lump sum benefit from an accident insurance policy.
Likewise, that accident insurance policy lump sum could cover co-pays, co-insurance, and deductibles required by health insurance.