Accident/Critical Illness Insurance

Accident insurance and critical illness insurance provide dentists and their employees with cash benefits if they sustain an accidental injury or are diagnosed with a critical illness. Plans for groups or individuals are available. The group plan is through Allstate and is offered at great rates to MDA members and their employees working a minimum of 20 hours per week. Several levels of coverage are available in each plan:

  • $20,000 or $40,000 for Accident Insurance 24-hour protection
  • $10,000 or $20,000 for Critical Illness Insurance
  • $40,000 or $60,000 benefit options for Off-the-Job Accident Insurance

Life Secure Personal Accident Insurance

Another option is the Life Secure Personal Accident Policy, which allow you to purchase a bank of accident benefits. If you sustain an accidental injury, simply submit your explanation of benefits form and receive reimbursement for up to the full amount of your benefit bank, less any deductible that may apply.

Why Accident/Critical Illness Insurance Makes Sense

Most health insurance plans today are high-deductible plans. This exposes you thousands of dollars in out-of-pocket costs before your health insurance pays any benefit. Purchasing accident or critical illness insruance can be a form of re-insuring you against those high out-of-pocket obligations. If you are diagnosed with a covered critical illness, or sustain an accidental injury, these insurance policies will pay benefits that then can be used to pay your health plan deductible. The cost for accident and critical illness insurance is low.

To learn more about how you can cut your out-of-pocket expenses by buying these voluntary insurance plans call 877.906.9924 to speak with one of our agents.

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