Accident Medical Insurance: Everything You Need to Know

According to the dictionary, an accident is “an undesirable or unfortunate happening that occurs unintentionally and usually results in harm, injury, damage, or loss.”

Simply put, accidents are unexpected—and, despite the best planning and precautions, they happen more often than you think. Someone is injured in the United States every second.

And unfortunately, if injuries need medical care, they can cost thousands of dollars in out-of-pocket expenses. In 2023, that could be $9,100 for an individual and $18,200 for a family, depending on the injured’s health insurance plan. 

Fortunately, Accident Medical Insurance is available to help protect your clients from financial worry, as LIO Insurance’s President and Chief Operating Officer Seth Hall and SVP of Products and Amateur Sports Product Lead AJ Morgan explain. 

4 Ways Accident Medical Insurance Protects Clients & Their Members

A close-up of a medical bill, stethoscope, and calculator. “Accident Medical Insurance goes by many names, such as Participant Accident Insurance, Group Accident Insurance, Accidental Injury Insurance, and Sports Accident Insurance,” says Morgan. But although it may go by different names, this coverage is bought by an organization on behalf of its members to help them with excess medical expenses if they are accidentally injured when they participate in the organization.  

How Does Accident Medical Insurance Protect Organizations and Their Members? 

1. Accident Medical Insurance provides protection from the financial burdens of medical treatment costs. 

Suppose a member of an organization is hurt in an accident and needs medical care. They’ll face out-of-pocket medical costs such as deductibles and copayments they’ll need to cover before their primary medical insurance kicks in. Accident Medical Insurance handles those out-of-pocket expenses so that the only thing about which the injured persons, their families, and the organizations need to worry is getting better. 

Or, in cases where the injured person doesn’t have primary health insurance and faces the full brunt of the medical bills, Accident Medical Insurance offers financial relief.  

Boys and coaches enjoy football camp knowing they’re protected by Accident Medical protection. 2. Accident Medical Insurance offers comprehensive benefits. 

Expense benefits include: 

  • Hospital room & board
  • Emergency room benefits
  • Intensive care room & board
  • Inpatient surgical benefits
  • Outpatient surgical benefits
  • Rehabilitation expense benefits
  • Outpatient mental health benefits

“Accident Medical Insurance also includes Accidental Death, Dismemberment & Paralysis (AD&D) benefits,” Morgan explains, along with coverage for full excess medical expenses. But these benefits aren’t one-size-fits-all. At LIO, Morgan adds, “All plans can be tailored to fit the organization’s specific needs and budget.”

3. Accident Medical Insurance is essential for any organization with volunteers, members, or participants.  

“Whether it’s volunteers or staff at an event, or students at school, or players at sports camp—if there’s an opportunity for a person to be injured, there’s also a chance of big medical bills to follow,” Hall says. 

LIO counts among its policyowner clients:

  • Amateur sports camps, leagues, and clinics
  • Volunteer groups
  • Private and public schools
  • Colleges and universities
  • K-12 and intercollegiate sports programs
  • Child care centers
  • Special events

A less tangible but just as real benefit this type of coverage also provides is to help reduce the chance an organization could face liability for the accident because financial concerns can be alleviated. 

A young girl helps older volunteers collect clothing donations at an event covered by Accident Medical protection. 4. Accident Medical Insurance is an affordable way for organizations to protect members and themselves.

“It provides added value and peace of mind for much less than organizations may think,” Morgan shares. “We work with clients to find the best combination of benefits for their situation.” LIO also looks for cost solutions through its TPA partnerships and nationwide provider networks to help stabilize or reduce premiums.  

LIO Doesn’t Stop With Coverage

At LIO, the service you receive throughout our entire relationship is just as important as the coverage we provide. So, if you have clients who should consider Accident Medical Coverage, it’s no accident you can expect:

  • Bindable quotes in minutes and immediate policy issuance
  • Easy and simple online claims submissions
  • Flexible ePayments
  • Customer service with a satisfaction rating of 91 (industry standard is 37) 
  • Easy claims handling

If you have clients with members to protect, talk to LIO today about getting appointed for our Accident Medical Insurance plans for organizations, sports clubs, schools, and more. And watch the video above for Hall and Morgan’s complete discussion. 

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