When Should I Buy Medpay?

This is a question that I am often asked particularly after a car accident. Medical payments coverage which is often referred to as “medpay” is offered by your insurance company in different delineations typically $1,000.00, $5,000.00, $10,000.00, etc. Compared to other policy premiums, medpay is relatively inexpensive.

Why use Medpay?

Medpay’s purpose is to pay for your medical bills resulting from an accident. There are several reasons to purchase medpay.

• First, it is not expensive.
• Second, it acts either as an excellent supplement to ever increasing healthcare costs such that you can pay for your deductible, co-pay, etc. and receive reimbursement for same.
  If you do not have health insurance, it can be used to pay for all of your medical bills up to the amount of the medical payments coverage.

Is there any downside to medpay?

Not that I see. Rarely, an insurance company will asked to be reimbursed from any settlement. However, an experienced lawyer can address that during the settlement of the case and it should be resolved without any reimbursement whatsoever. See O.C.G.A. § 34-24-56.1.

Medpay is an excellent product and an excellent supplement to any health insurance policy. If you do not have health insurance, it is even more important to have medpay. Talk with your agent, determine how much medpay coverage is reasonable to get and I always suggest that you have at least $5,000.00 but I have seen clients with up to $50,000.00 in medpay benefits. They have been greatly protected while allowing them to seek the healthcare they need.