Med Pay: A “must do” Insurance for any intelligent person

The biggest discussion going on in national politics is Obamacare.  What is very troubling is that it actually hurts the 20-30 year olds the worst.  No matter what your insurance coverage is however,  a “no brainer” that many people over look is Med Pay for their car insurance.

Whether you have health insurance or not, you definitely want to check and add it to your automobile insurance if you do not have it.  Med Pay is an add-on rider that will cover your medical injuries in the event of an accident.  It will cover you no matter who is at fault and an auto accident is the #1 statistical place you might get significantly injured.  So while that alone hopefully sounds important, here is the best part: It is cheap!  I pay about $48 every 6 months with State Farm for $25,000 coverage!  That covers each passenger in the car too.  Coverage starts at $1,000 and goes up as high as $50,000.  When you run the cost per coverage it makes sense to get a minimum $10,000 coverage in my professional opinion.

There is another huge benefit too.  Often if you are injured and it is the other persons fault you will rack up tons of bills and they will not get paid until the entire case is settled.  This will add stress and possibly credit issues if you can not financially cover it.  If you have a high deductible then it will cover yours as well.  Med Pay will pay as you go so your medical bills get paid along the way to recovery, another huge benefit.

You do not need to wait until your policy renews to add it either.  Go call your insurance company and get you and your family this often overlooked “no brainer”.

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