Offering protection beyond basic health coverage, voluntary accident insurance provides supplemental on- or off-the-job coverage and may cover deductibles and other services standard health care coverage may not provide. Some voluntary accident insurance products can be both a reimbursement and an indemnity insurance policy – expense reimbursements paid are for actual charges or up to the maximum amount stipulated per selection.
Embedded benefits of accident insurance may include:
- Accident medical expense
- Ambulance benefit
- Hospital confinement
- Optional benefits/riders such as accident total disability, hospital
-intensive care, bone fracture and dislocation, and coverage for spouse