Cheapest Health Insurance Around?

When you buy liability insurance for your car in New Hampshire, your coverage will include “medical payments” insurance.  That coverage acts as a mini-health insurance policy.  It pays uncovered medical bills, regardless of who was at fault, for medical care required as a result of a crash in the insured car, a crash in someone else’s car, and for a pedestrian struck by a car.  It covers the insured driver, all passengers in the insured car, and any relative who lives in the insured’s household.

The cost of $1,000.00 of medical payments coverage in a policy I recently reviewed was $12.00.  If you can afford it, you should buy higher coverage.  Some of our clients have medical payments coverage of $5,000.00 or $25,000.00. Check with your insurance agent for price and availability, and consider the nature of any health insurance you already have. Then decide how much medical payments coverage you should buy.  It may prove to be the best investment you ever made.

By the way, if your health insurance pays a medical bill from such an incident, you will have to reimburse them out of any recovery you receive. You do not reimburse your car insurance for medical bills they pay under your medical payments coverage.

By:  Peter G. Webb

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