Even with major medical coverage, you can be faced with a lot of unexpected costs after an accident. For example, health insurance will pay a hospital bill, but it doesn’t give you extra money to take a car service to work because you can’t drive for a week. Accident insurance can give you a benefit payment to use for that purpose — or anything else. How much? Benefit amounts vary and are based on the type and severity of a person’s injuries.
Guardian accident insurance benefits from work can cover everyone in the family, and you don’t need a medical exam to get coverage. Depending on the plan offered by your employer, you may be able to get extra benefits for covered children injured while playing an organized sport like soccer, baseball, lacrosse, or football.1 There may also be valuable benefits for wellness, travel assistance, and more — all for about the cost of a latte a day.2
It’s a type of supplemental health insurance that provides financial protection in the event of an accident. It is designed to help cover unexpected medical expenses and other costs that can come about as a result of the accident, such as out-of-pocket costs, transportation services, and so on. A supplemental accident insurance plan will typically provide coverage for a wide range of accidents, including those that occur on the job, at home, or while participating in sports or other recreational activities (although it's important to note that actual benefits vary by insurance company and specific plan). Benefits are paid directly to the policyholder — not the medical provider — and amounts vary depending on the nature of the accident and the specific terms and conditions of the policy. It's important to note that like other supplemental insurance plans, accident insurance is not a substitute for regular health insurance coverage, nor can it take the place of short-term health insurance while traveling abroad.
Accidents are always possible, especially if you live an active lifestyle — and bills from an accidental injury could add up very quickly. It's extra protection that can possibly prevent the need to dip into emergency savings or go into debt to pay for the things you need to recover. That can help protect your long-term financial well-being. Some accident policies may also cover accidental death to supplement other life insurance benefits, and when offered as a voluntary benefit at work, you’ll also benefit from group rates that help make this coverage even more affordable.
While an accident insurance policy pays benefits in the event of an accident, other types of medical issues are typically not covered. For example, personal accident insurance policies aren't designed to pay benefits for illnesses and chronic medical conditions. However, other types of supplemental health insurance can cover many issues not covered by accident insurance plans. For example, critical illness insurance pays benefits for issues like stroke, heart attack, and many other types of medical conditions, and cancer insurance pays benefits for cancer diagnoses — but it's important to read the terms and conditions of each policy carefully to understand what is and isn't covered.
It’s a type of supplemental health insurance that provides financial protection in the event of an accident. It is designed to help cover unexpected medical expenses and other costs that can come about as a result of the accident, such as out-of-pocket costs, transportation services, and so on. A supplemental accident insurance plan will typically provide coverage for a wide range of accidents, including those that occur on the job, at home, or while participating in sports or other recreational activities (although it's important to note that actual benefits vary by insurance company and specific plan). Benefits are paid directly to the policyholder — not the medical provider — and amounts vary depending on the nature of the accident and the specific terms and conditions of the policy. It's important to note that like other supplemental insurance plans, accident insurance is not a substitute for regular health insurance coverage, nor can it take the place of short-term health insurance while traveling abroad.
Accidents are always possible, especially if you live an active lifestyle — and bills from an accidental injury could add up very quickly. It's extra protection that can possibly prevent the need to dip into emergency savings or go into debt to pay for the things you need to recover. That can help protect your long-term financial well-being. Some accident policies may also cover accidental death to supplement other life insurance benefits, and when offered as a voluntary benefit at work, you’ll also benefit from group rates that help make this coverage even more affordable.
While an accident insurance policy pays benefits in the event of an accident, other types of medical issues are typically not covered. For example, personal accident insurance policies aren't designed to pay benefits for illnesses and chronic medical conditions. However, other types of supplemental health insurance can cover many issues not covered by accident insurance plans. For example, critical illness insurance pays benefits for issues like stroke, heart attack, and many other types of medical conditions, and cancer insurance pays benefits for cancer diagnoses — but it's important to read the terms and conditions of each policy carefully to understand what is and isn't covered.
1The child must be insured by the plan on date the accident occurred, and the child must be 18 years of age or younger. This benefit is not available in all states.
2https://www.guardianlife.com/accident-insurance/group
3CDC Centers for Disease Control and Prevention, National Center for Health Statistics, https://www.cdc.gov/nchs/fastats/emergency-department.htm, 2023
Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.
Guardian’s Group Accident Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. This is a limited plan of supplemental health insurance that provides the specified financial support, as a lump sum or indemnity benefit, for insured injury from a covered accident. This is not minimum essential coverage as defined by federal law. This coverage will not reimburse for hospital or medical expenses. Generic Policy Form # GP-1-ACC-18. The state approved form is the governing document.
This information is not intended for residents of New Mexico.
1The child must be insured by the plan on date the accident occurred, and the child must be 18 years of age or younger. This benefit is not available in all states.
2https://www.guardianlife.com/accident-insurance/group
3CDC Centers for Disease Control and Prevention, National Center for Health Statistics, https://www.cdc.gov/nchs/fastats/emergency-department.htm, 2023
Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.
Guardian’s Group Accident Insurance is underwritten and issued by The Guardian Life Insurance Company of America, New York, NY. Products are not available in all states. Policy limitations and exclusions apply. Optional riders and/or features may incur additional costs. This is a limited plan of supplemental health insurance that provides the specified financial support, as a lump sum or indemnity benefit, for insured injury from a covered accident. This is not minimum essential coverage as defined by federal law. This coverage will not reimburse for hospital or medical expenses. Generic Policy Form # GP-1-ACC-18. The state approved form is the governing document.
This information is not intended for residents of New Mexico.