Assurity Accident Insurance: Cash for Accidental Injuries

Accidents happen. Insuring against them with a plan like Assurity Accident Insurance helps ease unexpected medical expenses, especially for families with active children.

This article dives into the details of Assurity’s new accident policy, including coverage options, benefits, and real-life applications.

What is Accident Insurance?

Accident insurance layers over your health insurance to cover what your regular insurance plan won’t. It provides cash in your bank in the event of accidental injuries. And, unlike health insurance, it pays directly to you rather than to the medical facility, letting you do whatever you want with it. You could use it to cover any excess medical bills, lost pay, or console everyone with pizza and ice cream.

Accident insurance can also cover gaps in health insurance. Think of out-of-pocket expenses like deductibles and copays.

It generally has categories on expenses that it pays different benefits for, including:

• Emergency Treatment: ambulance, emergency room, and urgent care costs
• Hospital Stays: Hospital admission, observation, and intensive care expenses
• Medical Services: Diagnostic tests, surgeries, and follow-up care
• Rehabilitation: Physical and occupational therapy costs
• Everyday Expenses: Home health care, childcare, and transportation to medical facilities

This type of coverage works best for active individuals and families. It can also be a great solution for people who would find themselves in a tough situation covering surprise medical out-of-pocket costs.

Understanding Assurity Accident Insurance

Assurity Accident Insurance provides cash benefits that may not be fully covered by major medical insurance. It helps protect families from taking on extra debt, keeps savings intact, and helps families from sliding backward from their financial goals after an accident.

Key Features:

• Guaranteed Issue: No medical exams or tests required to qualify
• Direct Claim Benefits: All benefits are paid directly to the policyholder
• Multiple Plan Options: Three plans (Base, Advantage, and Complete) designed for different budgets and needs
• Family Coverage Options: Available for families, individuals, or just children

Quick Info:

• Ages accepted: 15 days – 70 years old
• Coverage options: 24-hour coverage, Off-the-job
• Guaranteed issue: No medical exams or tests
• Renewability: Guaranteed renewable until the policy anniversary following your 80th birthday
• Optional Riders: Accident-Only Disability Income, Preventative Care (availability depending on state)
• Not available in: California, Idaho, Maine, Massachusetts, Montana, New Hampshire, New Mexico, New York, Virginia

Real-Life Applications of Accidental Injury Coverage 

Let’s look at a couple of examples of how this insurance works in real life.

Case Study: Leslie & Her Family 

Leslie, a 35-year-old wife and mother of two, leads an active lifestyle with her family. Despite having good health insurance through her husband’s job, she worried about the potential impact of surprise medical bills, especially if her husband ever changed jobs and switched to a different health insurance plan. She purchased the Assurity Accident Insurance Advantage Plan with 24-hour coverage for $31.43 a month, covering the whole family.

Incident & Benefits: 

• Leslie tripped over a garden hose and fell, dislocating her shoulder, much to her embarrassment
• Her recovery included a trip to urgent care, an X-ray, an MRI, surgery for a torn labrum, follow-up visits, a steroid shot, and physical therapy
• The accident claim paid a total of $1,740 in cash benefits

Her husband’s health insurance covered everything but the co-pay, which left Leslie with some cash to cover a few days of unpaid vacation from her own job to focus on recovery after surgery.

Case Study: Kyle and Kole

Kyle, concerned about his son Kole’s participation in varsity football, decided to purchase the Assurity Accident Insurance Complete Plan solely for his son at $13.98 a month. This plan provided comprehensive coverage for potential sport-related injuries.

Incident & Benefits: 

• Kole broke his leg during one of the final games of the season when a tackle went wrong
• His recovery included ambulance transport, emergency room examination, x-rays, surgery, hospital stay, scooter rental, follow-up visits, and physical therapy
• The accident claim paid Kyle a total of $10,020 in cash benefits

Kyle made a full recovery and went on to continue being on the varsity team in his senior year of high school.

Assurity Accident Insurance Plans

You can choose from three plans, each offering different coverage levels to fit different family budgets. Assurity’s team designed these plans to provide flexibility and peace of mind.

Base Plan

The Base Plan is the most budget-friendly option. Usually less than $1 a day. It provides essential coverage for accident-related expenses, including 24-hour coverage for initial accident treatment, diagnostic exams, emergency care, and more.

Sample Benefits:

• Initial Accident Treatment: $75 for urgent care or emergency room visit
• Ambulance: $300 for ground transport
• X-ray: $45 per incident
• Follow-up Treatment: $50 per visit, up to two visits per accident

Advantage Plan

The Advantage Plan is the mid-range option. It offers more coverage but is balanced with affordability. It includes all of the benefits of the base plan, with higher payout amounts and additional benefits for continued care and severe injuries.

Sample Benefits:

• Initial Accident Treatment: $75 for urgent care or emergency room
• Ambulance: $300 for ground transport
• X-ray: $45 per incident
• Follow-up Treatment: $75 per visit, up to two visits per accident
• Rehabilitative Therapy: $45 per session, up to six sessions per accident

Complete Plan 

The Complete Plan is the most comprehensive option with the most protection and benefits. It includes everything in the Advantage Plan, with even higher payouts and more benefits for critical care and catastrophic injuries.

Sample Benefits:

• Initial Accident Treatment: $100 for urgent care or emergency room visit
• Ambulance $400 for ground transport
• X-ray: $60 per incident
• Follow-up Treatment: $100 per visit, up to two visits per accident
• Rehabilitative Therapy: $60 per session, up to six sessions per accident

You can get sample policy PDFs for the 24-Hour coverage and Off-the-Job coverage at the links below.

Additional Coverage Options 

You can customize your coverage with riders if there is something that worries you that isn’t already covered.

Accident-Only Disability Income Rider: Provides a monthly benefit if the policyholder becomes totally disabled as a result of a covered accident

Preventative Care Rider: Offered a cash benefit for preventative screening tests, exams, or immunization services outside of a hospital

These riders add an extra layer of security. Assurity also offers stand-alone disability insurance (AKA paycheck protection) policies in the event you cannot do your job due to injury or illness. Read more about Assurity’s easy, apply-online policies at the link below.

The Benefits of Assurity Accident Insurance

Accident insurance, such as the plans detailed here, help families manage the financial stress of unexpected injuries. Here are some of the reasons other clients have shared on why they choose to get accident insurance.

Affordable Protection

Accidents can be expensive, even with health insurance. Most families are working hard to build up a rainy day fund or save for future expenses, but deductibles, co-pays, and out-of-pocket charges make that saving hard. With the extra cash sent right to their account in this scenario, it makes it easier to protect the savings they’ve built.

Coverage Flexibility

The premise of the book The Millionaire Next Door is that you could put two families with the same incomes in identical houses right next to each other, and they would likely have wildly different financial habits. Assurity’s three base plans, plus customization with riders can help families stay within their budget.

Direct Cash Benefits

Cash goes directly to the policyholder. You can file a claim online when you get home from the doctor’s office, and the money gets deposited as a lump sum into your bank account. Easy. No mail, no claims calls, or wait to deal with other insurance companies. Because it’s cash and not reimbursement, you can use it for whatever you want, and you’ll still get the benefits even if your health insurance covers everything.

Comprehensive Coverage

Click through to the quotes to see the full list of all of the medical costs the accident policy covers. The list is many, many pages. Everything from ambulance rides, emergency room, tests, follow-ups, and rehab has coverage options.

No Medical Exams Required

Unlike other types of insurance that require a physical and may even get blood drawn, there is no fuss with this application. Just apply online and you’re done.

About Assurity Life Insurance Company

Assurity Life Insurance Company is known in the insurance industry for its focus on affordable insurance plans for individuals and families. Their mission is to help people through difficult times by offering reliable insurance coverage to meet diverse needs at prices that any American can afford. Assurity offers a variety of insurance products including accidental death insurance and disability insurance.

As a Certified B Corporation, Assurity also focuses on positive impacts for their employees, communities, and the environment. This 3rd party certification underscores their commitment to social responsibility and sustainability, setting them apart from most other insurance providers.

How Abrams Insurance Solutions Can Help

Assurity Accident Insurance is a valuable tool for managing the financial impact of unexpected injuries. With flexible plans and additional riders, it can create peace of mind for families who want to use their savings for other things and not have to worry as much about keeping a big rainy-day fund.

Use the button below to apply online, get complete benefits descriptions, or even just get a free accident insurance quote for your family.

It’s easy. You just have to answer three questions about your state, age, and whether you’re covering yourself or your family, and you’ll have the quotes for all of your options and complete coverage information.