Cigna Accidental Injury Insurance Worth It for Financial Protection

Having Cigna accidental injury insurance can provide a financial safety net in case of unexpected accidents. This type of insurance can cover medical expenses, lost wages, and even ongoing care costs.

According to Cigna's policy details, accidental injury insurance can cover up to 80% of medical expenses, which can be a significant help in paying for hospital bills and treatments.

Cigna's accidental injury insurance also offers a range of benefits, including coverage for rehabilitation and physical therapy, which can be essential for making a full recovery.

In many cases, the cost of accidental injury insurance is relatively low, especially when compared to the potential costs of medical care.

Accident insurance policies pay a benefit upon covered accidental injuries, making them a valuable addition to your financial safety net. These policies can also act as a form of accidental life insurance, paying a death benefit in the event of an accidental injury.

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Accident insurance can be a cost-effective option, with low monthly premiums that make it an affordable choice for many people. In fact, some insurance providers believe that the benefits of accident insurance make it worth the money, despite the low premiums.

Here are some key features of Cigna's Simple File system, which can help maximize employee benefit payments:

Cigna Simple File can auto compare medical claims with accidental injury claims, reminding customers to submit eligible claims.

This feature can help streamline the process and reduce paperwork for customers with both medical and accidental injury coverage.

Auto claim is another feature that can automatically file eligible claims for customers with disability, life, and/or accidental death and dismemberment (AD&D) coverage, so they can focus on their health.

This can be especially helpful during a difficult time, allowing customers to focus on recovery rather than paperwork.

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Accident insurance policies can pay a benefit upon covered accidental injuries.

Accidents can happen to anyone, at any time, which is why having a safety net is crucial.

These policies can also act as accidental life insurance, providing a death benefit if you die from an accidental injury.

Low monthly premiums combined with extensive coverage benefits make accident insurance a worthwhile investment.

Accident insurance can provide financial protection for your loved ones in the event of an unexpected injury.

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Accident insurance can help cover unexpected medical expenses, but it's essential to understand what's covered and what's not. Cigna accidental injury insurance, like most policies, doesn't pay on gradual "wear and tear" or other degenerative conditions.

To give you a better idea, let's look at some examples of exclusions. If you're hurt committing a crime, that's not covered. Accidental sickness is also generally not covered, unless it's specifically mentioned in the policy.

Here are some examples of who can benefit from these policies:

Insurance policies often have exclusions that can affect what's covered.

This insurance pays cash benefits for accidental injuries or accidental death, but not for gradual "wear and tear" or other degenerative conditions.

If you're hurt committing a crime, that's not covered.

It's essential to review the limitations and exclusions of your policy.

Accident insurance typically doesn't cover accidental sickness, unless it's from an accidental ingestion of poison or similar circumstances.

Reviewing your policy's exclusions can help you understand what's not covered.

Nearly all insurance carriers have similar exclusions and limitations, although there may be nuances.

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If you have an active family or enjoy sports, you might benefit from these policies. Many people receive medical attention for non-fatal injuries each year, with nearly 39 million Americans receiving treatment annually.

You can benefit from these policies if you have a hazardous job, such as fishing or tree cutting. Most policies cover seemingly hazardous jobs, making them a worthwhile investment.

If you enjoy hazardous hobbies like motorcycle riding or deep water scuba diving, you should consider these policies. However, some hobbies like hang gliding and rock climbing are typically excluded.

You can also benefit from these policies if you want an accidental death and dismemberment benefit on your life insurance policy. In many cases, a stand-alone accident insurance plan costs less and offers more benefits than an accidental death and dismemberment rider on the life insurance policy.

If you drive long distances for work, such as a tractor-trailer driver or consultant, you may want to consider these policies. They can help offset the high out-of-pocket costs associated with your underlying health insurance plan.

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Enrolling in Cigna Accidental Injury Insurance is a straightforward process that gets you covered quickly. You simply enroll in the insurance.

After your insurance is in effect, you'll be protected in the event of a covered accident. This means you can focus on recovery, not financial stress.

You'll receive a benefit payment if you're injured in a covered accident, which you can use however you want.

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Accidental Injury Insurance typically pays out a lump sum cash benefit to cover medical care costs like deductibles, coinsurance, etc. This benefit amount is related to the injury and associated costs.

Most carriers don't have a waiting period on the start of your policy, meaning you can apply and select the start date of your policy, and as long as you paid the first premium, you are covered.

The maximum liability is restricted to 100% of the sum insured, regardless of permanent loss of multiple body parts or accidental death.

Accident insurance can cover nearly all injuries and costs associated with an accident, including accidental death and dismemberment. Some policies will even coordinate with your health insurance to pay up to your out-of-pocket costs for any accident.

You can purchase accident insurance to offset the high out-of-pocket costs associated with your underlying health insurance plan. This can be especially helpful for individuals and families facing higher premiums and out-of-pocket expenses.

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Here are some examples of who can benefit from accident insurance:

• Have an active family, active lifestyle, playing sports, etc.

• Have a hazardous, high-risk job (some jobs are excluded, but most policies cover seemingly hazardous jobs like fishing, tree cutting, etc.)

• Enjoy hazardous hobbies like motorcycle riding, deep water scuba diving (hang gliding and rock climbing are typically excluded from policies)

• Want an accidental death and dismemberment benefit on your life insurance policy

• Drive long distances for work: tractor-trailer driver, a consultant, etc.

These are just a few examples of who can benefit from accident insurance. It's worth considering if you want to protect yourself and your loved ones from unexpected medical expenses.

Accident insurance plans traditionally don't underwrite, unlike other types of insurance that consider factors like health and driving record.

Insurance companies offering accident insurance typically don't ask about your health or other personal details. They might ask a couple of formal questions, but that's about it.

A few carriers do have occupation restrictions, declining your application if you have a high-risk job like fishing or mining.

Cigna accidental injury insurance offers some great benefits that can help you in case of an accident. You'll get extra benefits if you get sick and need hospital care, have complications of pregnancy, or get hurt and need a hospital stay.

The Hospital Indemnity Benefit Rider pays a chosen benefit amount, ranging from $100 to $1,000, for each day (at least 24 hours) that you're confined in a hospital.

If you have other Cigna coverage, like medical, they'll help you by reviewing medical claims and reminding you to submit eligible accidental injury claims. This is called auto compare.

Cigna's auto claim feature automatically files eligible accidental injury, critical illness, or hospital care (indemnity) claims for you, so you can focus on your health.

Here are the benefits you can get with Cigna's Hospital Indemnity Benefit Rider:

These benefits can be a big help in case of an accident.

Accidents and injuries are more common than you think, with 38 million injury-related emergencies in the US in 2020.

The average ER visit costs a whopping $2,600, leaving many people struggling to pay their deductible, copay, coinsurance, and other out-of-pocket expenses.

According to the CDC, about 131 million people visited the ER in 2020, with some adjustments made for the COVID pandemic.

The financial burden of an accident or injury can be overwhelming, making it difficult for people to afford their medical expenses.

Cigna accidental injury insurance can provide financial protection for unexpected medical expenses resulting from accidents.

You can choose from several plan options, including the Accidental Injury Plan, which covers medical expenses up to $25,000 per injury, and the Accidental Death and Dismemberment Plan, which pays a lump sum benefit in the event of death or dismemberment.

The Accidental Injury Plan has a premium cost of $12 per month, while the Accidental Death and Dismemberment Plan has a premium cost of $15 per month.

These costs are relatively low compared to other insurance options, and can provide peace of mind knowing you're protected in case of an accident.

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Choosing the right plan for your accidental injury insurance is crucial to ensure you're adequately covered. Consider the coverage limits of both health and accidental coverage policies to ensure they meet your potential needs. Review the sum insured and benefits provided by both policies.

To make an informed decision, it's essential to understand the exclusions and limitations of each policy. Some accidental coverage might exclude certain types of accidents or conditions.

Compare the premiums of different plans to ensure you get comprehensive coverage without exceeding your budget. This will help you choose a plan that fits your financial situation.

Review the terms and conditions of both the health and accidental coverage policies to ensure they align with your needs and expectations. This will help you avoid any surprises down the line.

If you're considering Cigna accidental injury insurance, here are some flexible coverage options to keep in mind: