Do I need MED or PIP if…
I’m currently unemployed and receiving state insurance for myself and my children.
From what I understand, MED and PIP cover hospital expenses, lost wages, and even funeral costs. Since I have access to free health insurance through the government and I’m not currently working, should I just choose the “I decline” option for these coverages?
It’s quite confusing for me. My coverage has lapsed recently, and I’m eager to get back on track with adequate insurance.
Thanks for your help!
It sounds like you’re trying to navigate some important decisions regarding your health coverage and insurance options. Here’s a breakdown that might help clarify things:
MED (Medical Payments) and PIP (Personal Injury Protection) are typically types of coverage connected to auto insurance policies. They are designed to cover medical expenses and, in some cases, lost wages after an accident, regardless of who is at fault.
Since you mentioned that you have state insurance for yourself and your kids, it’s important to know what that coverage actually provides. Many state health programs cover emergency medical services and hospital costs, which might overlap with what MED and PIP offer.
If your state insurance covers most necessary medical expenses, you might feel comfortable declining MED and PIP since they can add to your insurance costs without providing much additional benefit. However, if there’s any concern about gaps in coverage, especially for lost wages or additional medical expenses after an accident, you may want to reconsider.
Remember that your policy should be tailored to your specific needs. If you’re unsure, it might be beneficial to talk to an insurance agent who can explain what each option entails and how they might work in conjunction with your state insurance.
It’s great that you’re taking steps to get back on track with your coverage. Make sure you fully understand all your options before making a decision.
Feel free to reach out if you need more detailed information or have further questions!