Major medical insurance is a type of coverage that meets the criteria for "minimum essential coverage" as set by the Affordable Care Act. It's crucial that the health coverage you purchase meets these requirements in order to avoid tax penalties for carrying inadequate health insurance.
Major medical insurance provides coverage for most types of medical expenses including visits to your primary doctor as well as hospital visits.
Avoid the headache of finding insurance on your own by using Augeo Benefits' online tool or speaking to a licensed benefits counselor.
WHAT IS ACCIDENT INSURANCE?
Accidents can happen anywhere, at any time. Accident insurance may be the protection you need when the unexpected happens. With accident insurance, you stay one step ahead of the game in protecting you and your family from extensive out of pocket costs.
Like other insurance products, you get coverage for accidents by paying a premium on a periodic basis. This type of coverage is meant to help you and your family with the burden associated with out-of-pocket expenses that stem from deductibles and coinsurance from major medical insurance.
HOW DOES ACCIDENT INSURANCE WORK?
An accident insurance policy provides you reimbursement to help you manage some of your expenses if you or a family member suffers a covered accidental injury. Although accident insurance works like major medical insurance, it is not a replacement for medical insurance. Accident Insurance is intended to supplement your regular insurance and to provide an added layer of protection.
The types of situations that accident insurance may cover include:
- Broken Bones
- Eye Injury
- Transportation by ambulance
- Prosthetic limbs
- Inpatient Surgery
- Physical Therapy
Accident Insurance Features:
- No network restrictions – you can visit any doctor or hospital
- No waiting period before you can use your benefits
- No overall lifetime limits – there is no cap on how many accidents you can have
- Customizable based on budget and specific needs