Governor Bill Ritter signed Senate Bill 011 to give into law earlier this month, Colorado motorists access to a valuable avenue to pay the medical expenses in case they have been injured in a car accident.
Over the past four years since the legislature repealed the No-Fault Act (previously required that you caused your sickness, accident medical expenses) accident victims to cover have found out too late that they are incapable ofmedical care they need after an accident.
Under the new law (now codified as CRS Sec. 10-4-635, et. Ff.). Auto insurance now have to provide $ 5,000 of medical payments ( "med-pay") coverage to Colorado policyholders. This is an optional coverage that can be rejected by those who do not want such coverage. It will not raise insurance premiums for all insurance industry lobbyists threatened.
Most drivers would be Coloradobenefit from that, has this additional coverage as part of their automobile insurance to a certain extent. The following guidelines will help you determine how much coverage you should choose Medical payments under your policy:
1. Drivers who can not have its own health insurance, in fact, if you do not currently med on this car have to pay health insurance coverage, as the only way would be able to pay for your medical care after a car accident --even if the accident was not your fault. Most doctors and medical providers do not see a bit of patience if they have no insurance, unless it is a life or death emergency. If you are not from the health insurance you should buy essential med-pay coverage under your auto insurance. In fact, I recommend that you purchase as much coverage as the car provides support material.
2. Drivers With health insurance that excludes coverage for automobile accidents: In recent years, health insuranceCompanies have begun to limit their responsibility for paying for accident related medical care by excluding such coverage from their policies. This means that you pay for accident related medical care from their own pockets. Unfortunately, many people do not know find out that they have such a policy until it is too late and they have already been injured in an accident. It is very important for you to read your policy and see if it contained such an exclusion. Ifyes, you must also purchase med-pay as much car as possible.
3. Drivers With great Deductible Health Insurance: Any person whose health insurance should not step in and pay-performance has been achieved up to a high deductible threshold secure-med pay coverage of the out-of-pocket expenses or deductions not by their health policies pay cover. For example, many catastrophic health policies will not pay the first $ 10,000.00 in medical expenses incurred during an accident. TheseThe driver should obtain sufficient funds to cover this gap.
4. Drivers whose health policies Limit Physical Therapy Coverage: Many group policies in Colorado, the number of visits, the treatment of an insured person may, for any one condition in a political year. If your policy allows only 20 physical therapy visits per year, it may be helpful to provide a small amount of med-pay coverage to additional therapy that have not gone to paid-of-pocket.
5. Drivers Who WantZero Out-of-pocket liability: Even if you have a good health insurance with low deductibles - You can pay hundreds of dollars to spend meeting your deductible or co-operation. This new coverage will ensure that this gap in coverage for those who elect to be closed, the purchase med-pay coverage.
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