Friday, April 29, 2016

Interesting Accidental Carrier Trick

With networks getting skinnier and skinnier, receiving emergency care out-of-network is becoming a bigger and bigger challenge. Most plans still use the PPO model, so there's at least some level of coverage, albeit with substantially greater out of pocket. And of course HMO model plans will typically have none (or even more substantially reduced coverage).

UHC has just announced a set of 3 new "Accident SafeGuard" plans that seek to address this potential financial catastrophe. From email:

"Accident SafeGuard pays fixed benefit amounts for loss resulting from qualifying accidental injuries and does not limit your client to any network of hospital or doctors." [emphasis in original]

First thing, of course, is that this doesn't help if you're out-of-network for chemo or if you get sick while on vacation. But for broken limbs or the like, perhaps a valuable coverage addition. Rates will vary depending on where you live, your age, and the like, but I can't imagine they'd be terribly expensive (since qualifying expenses are pretty narrowly defined).

Insurance insurance.
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