What is Med Pay (Medical Payments)?
Med Pay is a part of your auto insurance policy that pays any medical bills following an auto related accident. Med-Pay covers any accident in which a vehicle is related (i.e. pedestrian hit by car, bike rider hit by car) it also covers any passengers in your vehicle. Each individual in the vehicle is entitled to the entire amount of med pay on the policy (minimum $5000.00 per person).
Colorado law states that every insurance plan covers at least $5000.00 of med-pay unless the insured signs away their medical payments benefits, which we would not recommend. Many auto insurance companies will try to persuade you to sign away these benefits to help reduce your monthly premium and by telling you that your health insurance will cover you if you are in an accident. It is true that you can slightly reduce your premium ($10-$30 per year) but the difference is negligible when you consider the costs of deductibles, co-pays, and co-insurance if you were to rely solely on your health insurance.
For more information about Med Pay contact Comprehensive Chiropractic at 720-458-0487