I have a High-Deductible Health Plan (HDHP) with a Health Savings Account (HSA) through my employer, which I max out annually, covering myself, my wife, and our two kids. My employer also offers accident insurance, but I haven’t signed up for it because I figured the HSA would be sufficient, and we probably wouldn’t get our money’s worth from the accident insurance. We’re a pretty healthy (young) family, so besides occasional sickness, we rarely have significant medical emergencies. I’m curious about others’ opinions on accident insurance—do you think it’s worth it?
Don’t rely on your health insurance alone! Accident insurance can be a lifesaver by covering out-of-pocket expenses you might incur after an accident. It’s definitely worth considering!
I can vouch for its usefulness. 2 years ago I fractured a bone and the compensation I received was greater than my out-of-pocket expenses.
As I now work in an auxiliary area, neither I nor my coworkers have accident insurance. The perks are determined by what your employer decides. If you visit the ER for an injury, some policies will pay out $100, while others only pay $50. insurance doesn’t cover everything that people think insurance does—even if there are several fractures, just up to one fracture is covered. It’s a fixed sum that can be distributed regardless of costs incurred.
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Hello,
Accident insurance has the potential to serve as a valuable financial safeguard, yet its suitability hinges on individual circumstances