Auto Insurance Payments

Is medical payments coverage needed in auto insurance?

How important is medical payments coverage auto insurance coverage. I currently have at as $10,000 coverage. Is this over kill? I have health insurance (HSA) that has a $5000 deductible per year, after that it’s covered 100%. thx

$10,000 of med-pay is NOT overkill, even with a HSA that has a $5,000 deductible, with coverage of 100% after that, because most all policies have lifetime limits, and most all policies have exclusions (things they will absolutely NOT pay for). Even if you don’t see yourself ever using all of your benefits, you just NEVER know!

Case in point: My daughter was almost killed in a car accident in October 08, by a woman who ran a stop sign. My daughter had a HSA through her employer, with OUTSTANDING coverage, to include a $1000 deductible for the year, and 100% coverage after that. She also had $5,000 med-pay coverage on her auto insurance.

She’s almost maxed out the med-pay coverage because some things related to her injury, are ‘exclusions’ (uncovered items) in the HSA policy provided by her employer. Also, now with the new year, her employer changed healthcare plans, and now my daughter’s plan is quite different, with not near the same benefits and coverages, the bills and ‘uncovered’ expenses keep coming and she’s nowhere near being close to recovered.

She’s hoping to get the green light to drive again, just purchased another car, and upped her med pay coverage to $10k, because she wants to be sure she’s got the max.

We always thought that something like this would never happen to us, our family etc, but you just NEVER know.

The difference in med-pay coverage costs you literally pennies on the dollar, I’d rather have as much as I can get in my time of need.

Rest easy, you’re doing everything you can to protect your assets. When you’re involved in an accident, the last thing you want to do is have to worry about how you’ll be able to “pay to get better.” Especially if your accident happens close to the end of the year and your HSA changes .