Cash benefit accident insurance pays specified benefits for accidental injuries and can cover the employee, spouse, and/or children. It pays in addition to other health insurance coverage and does not coordinate benefits with your medical insurance plan. This makes it an excellent supplement to help offset higher deductibles, co-pays, out-of-pocket limits, and out-of-network exposures. This product has great appeal among families with young children and active young adults, both single and married.
Basic accident insurance is typically offered with no health questions and no pre-existing condition limitations.