Unless you sign a waiver rejecting medical payments coverage in the State of Colorado, the state minimum of coverage is $5,000. Most insured Colorado drivers will carry $5,000 in med pay without even knowing they have it. While you may think $5,000 is a lot of money, its not in the medical industry. The ambulance ride to the hospital will cost anywhere from $900 to $1,500. A routine ER visit with basic imaging not including any surgeries or procedures, can cost anywhere from $2,000 to $5,000. Emergency services and hospitals are required to first bill your med pay insurance under your auto policy before billing your health insurance when you are being seen for collision related injuries. The $5,000 in med pay coverage will be exhausted before you even leave the ER.
You are probably thinking that if you run out of med pay, that your health insurance will cover it, right? Yes, your health insurance can be billed, and they will pay. However, health insurance will require reimbursement when your case settles. Treatment paid out of med pay coverage does not have to be paid back. So, why not maximize your recovery by increasing your med pay coverage and minimizing what has to be paid back at the settlement of your case?
Increasing med pay coverage to at least $10,000 will at the very least cover most if not ALL of your initial collision related treatment. This minor increase in benefits may only increase your insurance premiums by a few bucks a month.