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Medical insurance on car insurance policy

By Terry Savage on February 20, 2023 | Insurance & Annuities

My husband just found out that we can save $400 a year by not including medical insurance on our vehicle insurance policy. We have Medicare and a very good secondary plan, but I worry that it won’t be enough if we have a catastrophic accident that requires long-term care, medical equipment, etc. What is your advice?

Terry Says

Medical payments coverage, also known as Med Pay, is an additional coverage option for auto insurance policies in most states. In the event of a car accident, this coverage can help pay for medical expenses for you or your passengers, even if you’re at fault. It’s only available in a few states.
If you cause a car accident, the bodily injury liability portion of your car insurance coverage helps pay for the other party’s medical expenses. Likewise, if another driver is at fault for an accident that injures you, their auto liability coverage may help pay for your medical bills.
But since your liability insurance would typically cover injury to another, even if your fault, then this is just an extra expense that the insurers make money on. If you have your own good coverage, you don’t need this!



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