Why Combine Health Insurance with Accident Insurance For Kids
It might seem counter-intuitive, but you could actually save money when you purchase two policies to cover your child’s health instead of just one policy. Combining accident insurance for kids with a major medical plan might allow you to buy cheaper health insurance with a higher deductible and copays. If you have already purchased affordable health insurance for children only, an accident policy could still help manage out-of-pocket costs. Either way, the purchase of an accident policy can help you save money and give you peace of mind.
How Does Child Only Health Insurance Help?
Generally healthy children may only need to visit the doctor a few times of year. Kids need required vaccines in order to attend school and participate in after-school activities. Every year, it seems as if some virus travels through school, and your child may need an occasional doctor’s office visit to get a diagnosis and a prescription. Your child’s doctor probably also wants to schedule a routine checkup once a year. Even if you are lucky enough to have a child who rarely needs to visit the doctor, the right health insurance can assure access to good medical care. This is one reason child only health insurance is so popular right now.
A child’s normal and expected medical needs may cost a few hundred dollars a year. Still, typical kids are not likely to run up huge medical bills. However, visits to a specialist, the need for brand-name medication, a trip to the emergency room, or even a short hospital stay can run up large medical bills very quickly. If your child needs to get transported by ambulance or air ambulance, you will find out that this quick ride can also cost several hundred dollars.
Here is one reason to think about child only health insurance:
How Can Accident Insurance for Kids Help You Save Money?
It is much more likely that active children will visit the emergency room or even have to get checked into the hospital because of an accident than an illness. If your child likes sports or even normal playground activities, he or she is unlikely to make it through childhood without straining a muscle or breaking an arm or leg. Even a very short emergency room visit can cost a couple of thousand dollars, and a hospital stay can easily cost several times that much.
You can choose from a variety of different accident plans, and most accident policies only cost a few dollars a month. In return, accident insurance for kids provides valuable benefits to cover expenses associated with an accident. Some of these policies even cover bills that typical major medical policies do not cover. Examples might include dental bills, medical air transportation, and even cash that can help compensate parents or guardians for time lost from work or the need for extra child care.
Even if you have health insurance to pay covered medical expenses, you will surely have to pay copays and deductibles for:
Besides medical bills, families run up other costs associated with accidents. Parents may need to take time away from their jobs and hire additional child care. Transportation, eating out, and other costs have to be considered too.
There are many good reasons to consider buying accident coverage for children, and these include:
How to Find Good Children’s Accident Plans
Accident policies vary by insurance company and state of residency, so it is important to compare different plans and understand how they work. If you need help, you can speak with the agent that you worked with to purchase health insurance.
If you don’t already have a health insurance agent, you could shop for different plans and quotes online. Our online quote systems allow you to enter your ZIP code to compare a variety of different plans in your local area. Buying both health and accident insurance can be a smart way to buy better coverage and save money on both premiums and medical bills.