Accident Medical Expense vs Fixed Indemnity Insurance | What’s the Difference?

Video Transcript

Accidents happen, and when they do, how your insurance responds can make all the difference.

Let’s compare two supplemental accident plans an accident medical expense reimbursement plan from Arch [Insurance] and a typical fixed indemnity plan from another carrier.

Our accident medical expense reimbursement plan is designed to cover actual medical expenses from an accident, such as emergency room visits, surgeries, or hospital stays.

Unlike fixed indemnity accident plans, which pay a preset amount based on a schedule of treatments, Arch [Insurance]’s plan reimburses you for what you actually spend, minus your deductible up to your benefit maximum.

Consider this. In one example, a policyholder who experienced a dog bite paid less each month for Arch [Insurance]’s plan and was reimbursed nearly $900 more than than a scheduled indemnity plan would have paid.

In another case, a family facing over $13,000 in medical bills had $10,000 reimbursed. This was significantly higher than what would have been covered by the scheduled indemnity plan.

Arch [Insurance]’s accident medical expense coverage helps bridge the gap between what your major medical insurance pays and what you owe, helping you to focus on what truly matters: Recovery.

To learn more, Visit ArchAccidentHealth.com.