In Arizona, drivers are required to have insurance premiums that cover $15,000 per person, $30,000 per accident for bodily injury, and $10,000 for property damage. Everything else that an insurer offers is optional, including medical payment, or MedPay, coverage.
MedPay coverage pays your medical expenses when you’re involved in an auto accident. It doesn’t matter who was at fault in the accident, and it covers you, your family and anyone riding with you in your vehicle.
It also covers you if you’re riding in other vehicles, too. Simply, it offers comprehensive medical payment coverage that makes it much easier to deal with medical bills after an accident.
It sounds beneficial, but many drivers in Arizona still wonder if MedPay is worth it.
Balancing Cost and Coverage
When you look at how much MedPay can cover compared to its overall cost, you’ll find that it can be well worth your money.
While some drivers may opt out of MedPay in order to keep their premiums as low as possible, the protection offered by MedPay can make up for years of payments made for the coverage.
In some cases, you can add MedPay to your premium for as little as $20 a year, which means that the saving you get by opting out of MedPay are negligible.
Instead of focusing on the cost, you can consider the cost of not having MedPay. This is particularly helpful for those who:
- Have no health insurance coverage
- Have health insurance with a high deductible
In both cases, the MedPay is worth it because it automatically covers your medical bills. If you have no insurance, this is the best case scenario, but even if you have insurance with a high deductible, this is also good news.
If your deductible is $5,000, for example, you’ll be required to pay the costs until your exceed that amount. And with a car accident, it may be easier than you think to go over that number. With MedPay, you won’t have to pay any out-of-pocket costs.
Why Consider MedPay?
If you’re in accident that’s someone’s fault, their insurance provider can be responsible for paying your medical bills. But this is a slow process, and often it can take months for an insurer to reimburse you for medical expenses.
If you receive a settlement, it can take even longer to receive the damages and compensation you’re entitled to, so although you may be compensated fairly, you’ll have to pay for everything yourself in the meantime.
The bottom line: MedPay covers your bills quickly no matter who is at fault, and when insurance reimbursement and settlements can take months or longer, having this peace of mind is well worth the small added cost to your premium.
Are You Seeking Injury Compensation?
Whether or not you have MedPay, you may be entitled to compensation if you were injured in an accident that was due to another driver’s negligence.
At JacksonWhite Law, we understand how stressful the injury process can be, so we take every effort to make it a positive experience for our clients. We’ve helped hundreds of people in the Phoenix metro area, and we can help you, too.
Call Personal Injury Attorney Jared Everton at (480) 467-4392 to discuss your case today.
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