When most people think about medical costs they think about hospital charges, doctor bills, prescriptions, and maybe some rehabilitation. People seriously injured in auto accidents have another pile of costs to contend with: attendant care. When someone is injured badly enough to where they need help with activities of daily living (ADLs) the doctor prescribes attendant care. It’s not uncommon for a doctor to prescribe attendant care 24/7 for those seriously injured in an auto accident. How expensive can this get, really?
The Michigan Catastrophic Claims Association (MCCA) manages the fund that takes over paying auto accident claim costs once they exceed $580,000. The MCCA budget report from 2018 has some data on this subject – it shows $1.2 billion dollars paid out in medical-related costs. Approximately 57% consisted of attendant care. That’s around $700,000,000 in a single year. And that doesn’t count what the insurance companies paid!
No-Fault Auto Reform allows us to give up the Unlimited Personal Injury Protection (PIP) that has covered these costs for over 40 years. We now have the ability to shift responsibility for covering these costs to our health insurance. Your decision on this could create a real threat to your quality of life and the options you have for getting the medical care you or a loved one needs after an auto accident.
Will your health insurance cover medical costs from auto accidents? What about attendant care costs? What are the ANNUAL co-pays, deductibles, out-of-network costs, and other limitations? Can you afford to pay them yourself? If you can’t work because of your injuries, will you even be able to afford your health insurance?
Most of us don’t have the knowledge about our health insurance plans that we really need to make the decision to have it cover our medical costs from an auto accident.
However, you don’t need to worry about all this if you keep your Unlimited PIP coverage when your auto policy renews!!!
Now is a great time to have a conversation with your agent. Our team has spent many months preparing and learning all we can about auto reform so that we can help you make the best decision for you and your family. Let’s talk!
You can also visit https://rummelinsurance.com/auto-reform for more information.