What is the deductible per accident for the Blanket Group Accident Excess Medical Expenses coverage?

The deductible per accident for the Blanket Group Accident Excess Medical Expenses coverage is set at $250. This amount represents the initial out-of-pocket cost that insured individuals must pay for medical expenses resulting from an accident before their insurance coverage starts to pay.

Setting a deductible at this level helps to balance the cost of insurance premiums by ensuring that the insured shares some responsibility for their healthcare expenses. It encourages responsible usage of medical services, as the insured will need to consider the costs they will incur before the insurance benefits kick in.

Understanding the deductible is crucial for individuals or groups considering this type of coverage, as it can impact their overall financial planning and risk management strategies. The specific amount for the deductible, in this case, $250, aligns with typical practices in health insurance where deductibles are used to mitigate costs while still providing essential accident-related coverage.