MedPay Car Insurance, otherwise known as Medical Payments coverage, is a common target for people who are trying to reduce their insurance premiums to save money. However, MedPay is one of the better bargains in insurance today in terms of the value you get for the premiums that you pay. A typical cost is between $10-$20 annually for $10,000 in coverage.
MedPay covers medical expenses for you and the other occupants in your car — both family and unrelated passengers — in case of an accident. Medical bills are covered up to the policy limit; if that limit is exhausted, your health insurance kicks in beyond that. Other useful features:
- No Co-Pay – There is no co-insurance or co-payment with MedPay. Depending on the provider, either the insurance company will be billed directly, or you will be reimbursed for the full amount.
- Immediacy – Because fault is not an issue, you do not have to wait for the settlemen…