Tag how life insurance is different from other insurance

Accident & Health Insurance – Do You Need One or Both?

accident and health insurance do you need both

 It’s hard to know what you’re going to need in this life to mitigate the risk (like accident and health insurance) and know that no matter what happens, you can still live a comfortable life.

Accidents and health issues can happen unexpectedly.

Two types of insurance that can provide coverage in these situations are accident insurance and health insurance.

Let’s explore the benefits and considerations of each to help you determine if you need one or both.

You deserve that and so does your family.

The difficulty is knowing which type of insurance to choose.

How do you know whether accident or health insurance is right for you? Should you get both? If so, what’s the benefit of doing that?

At the same time, you don’t want to be spending hundreds of dollars every month for something you believe may not be giving you peace of mind.

And that’s what it’s all about, right? Insurance offers peace of mind.

You’ll know what to do when a disaster hits and how to deal with it. You’ll know your family with be okay.


What’s The Difference Between Accident and Health Insurance?

Spending by individuals on healthcare in the U.S. has risen steadily over the last four decades and it’s expected to rise through 2026.

Accident and Health Insurance products provide a financial safety net for expenses that other insurance may not cover.

So let’s say your employers plan offers you medical, dental and vision insurance. Do you know whether or not you’re covered if you have an accidental injury?

Not entirely. Even the best health insurance could leave you with unexpected costs.

That’s where accident insurance can fill in the gaps.


Do I Really Need Accident Insurance?

Let’s see. Here’s an example.

Say, you fall off a ladder while hanging Christmas lights.

That single event could come with multiple expenses. A ride in an ambulance, a stay in the hospital, receiving medical treatments, being given medications, and much more.

According to Debt.org an average trip to…the emergency room  costs around $1,139.

Afterwards, you will more than likely need follow-up care, such as crutches, rehab or more medication.

Of course, this is on top of other everyday expenses, like taking a cab if you can’t drive or ordering food delivery.

With accident insurance, you receive payments to use at your discretion.

In this example, that could include everything from your deductible or coinsurance, to groceries or rides to work.

Perhaps you’re still not convinced accident insurance is worth it.


Here are a few more points to consider:

Accidents Happen More Often Than You Think

Most of us don’t worry too much about being in an accident. However, they are more common than you may realize.

In fact, emergency rooms across the country get about 35 million visits annually due to unintentional injuries.

As well, children are also more prone to accidents.

Each year, nearly one million kids under the age of 14 years are rushed to emergency rooms for sports-related injuries.


At the very least, it’s well worth the consideration when thinking about accident insurance for your entire family.


For example, if you get in an accident, you might need to take time off work for physical therapy, follow-up care and for general healing and self care.

When this happens, bills can add up fast. Accident insurance can provide the extra cash you and your family need during periods of income loss.


Perhaps The Greatest Asset of Accident Insurance is…

that it doesn’t matter if you have a pre-existing condition or change jobs. As long as you’re actively working, granting coverage is typically guaranteed.

This means no health questionnaires or biometric exams to take.

You’re covered no matter your health situation.

This comes in handy if a prior medical issue puts you at risk for falls or other accidents.

Accident insurance is portable as well.

Meaning, that if you change your job, you can keep your plan as long as you keep paying the premium.

There may also be certain criteria to met as well.

Your insurance agent can help you with that.


Accident Insurance Covers More Than Just Injuries

Insurance is often a nasty, but necessary business. Human beings can find themselves is extremely challenging situations.

That’s why many accident insurance plans come with benefits for loss of limbs, accidental death, paralysis, or blindness.

Having that extra protection can keep you (or your loved ones) from taking on the full financial impact of a serious accident.


How To Get Accident and Health Insurance

There are several ways to get the proper coverage you need.

Many employers offer accident insurance as part of their benefits packages. This makes it easy to sign up.

Buying accident (and health) insurance through your employer removes the need to shop around for different options.

Open enrollment is the perfect time to consider protecting yourself and your family with accident insurance.


You can ask your benefits administrator (or your spouse’s) if they offer accident and health insurance.

In conclusion, accident and health insurance serve different purposes.

Accident insurance provides coverage specifically for accidents, while health insurance offers broader coverage for accidents and illnesses.

Assess your risk profile, existing coverage, and budget to determine if you need one or both types of insurance.

If you need help with that, please give me a call. Our initial consultation is free.

It’s important to have the right insurance coverage to protect yourself and your finances in the event of unexpected accidents or health issues.

*Note: This information is for general informational purposes only and should not be considered as financial or insurance advice. Please consult with a qualified insurance professional for personalized advice based on your specific circumstances.*

So call me today. I’m a licensed Life, Accident and Health Insurance agent and I’d be happy to help. No pressure. No obligation.

Thank you for reading.  Have a prosperous day. Renee


Call Renee at: 917-434-0514  OR email: wikiquoters@gmail.com


Check out our other articles here…

Interview with Notary & Insurance Agent Mark Sias

What is a Prepaid Funeral Plan?

Retirement Strategy Checklist

Pros and Cons of Your 401k

Interview with Scientist and Simulation Theorist Dr. Simon Duan

What is BYOB?

Finance Pro & Ironman Interview with Bryan Kuderna

What Does BYOB REALLY Mean For Your Money?


[1] https://www.nytimes.com/1982/04/17/style/accident-insurance-coverage-some-pros-and-cons.html
[2] https://www.meetbreeze.com/accident-insurance/is-accident-insurance-worth-it/
[3] https://www.investopedia.com/terms/a/accidentandhealthbenefits.asp
[4] https://www.experian.com/blogs/ask-experian/what-is-accident-insurance/
[5] https://www.nivabupa.com/health-insurance-articles/disadvantages-of-not-buying-personal-accident-insurance.html
[6] https://www.gohealth.com/supplemental-insurance/accident-insurance/