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One Crash Away from Financial Ruin: Why MedPay Is Your Lifeline

Updated: Dec 13, 2024

By Dr. Gary Wood

Why MedPay is the Safety Net You Don’t Want to Overlook

Dr. Gary Wood
Doctor, Cowboy, MVC Specialist

When you’ve been in a car crash, it is important to get the care you need quickly to return to the business of living.  But while the physical injuries can be heartbreaking, the financial ones can be just as devastating.

 

One of the first things we hear from our motor vehicle patients is, "I didn’t think I’d need more than the minimum insurance." Or worse, "My agent said I could save money by declining Med Pay." This is frustrating and, frankly, tragic because victims of a crash are often left in a tough spot, struggling to cover medical costs that could have been covered by Med Pay.

 

My Personal Perspective on MedPay

We make sure every vehicle we own is covered with at least $25,000 in MedPay. Why? Because we’ve seen firsthand how quickly medical bills can pile up after a crash. An ambulance ride, an ER visit, and an MRI can easily surpass $5,000—the bare minimum Colorado requires. And that’s before we even get to treatment for injuries like whiplash, concussions, or back pain.

 

At NeuroAthlete, we use advanced treatments like photo-biomodulation and neuro-optometric therapy to help people recover fully and return to their lives. But without MedPay, many of these options aren’t affordable—or even covered by health insurance.

Why Med Pay Matters

Let’s break down why MedPay isn’t just “another insurance add-on”—it’s a lifesaver.

ADVANTAGES OF MED PAY

No-Fault Coverage

Med Pay works no matter who caused the crash. You don’t have to wait for an insurance battle to access care.

Comprehensive Protection

It covers ambulance fees, hospital visits, surgeries, and even dental work caused by the crash.

Beyond the Driver’s Seat

Med Pay protects you when you’re walking, cycling, or even riding in someone else’s car.

No Out-of-Pocket Costs

Unlike health insurance, there are no deductibles or co-pays, so you can immediately get the care you need.

It Fills Gaps

Med Pay covers what health insurance doesn’t, especially for those with high-deductible plans.

A Common Misstep That Costs Big

We get it—insurance premiums are no fun to pay. But the cost of skipping or minimizing MedPay can be staggering. Imagine trying to recover physically and emotionally from a crash while worrying about a mountain of bills. It’s not worth the risk. And here’s the good news: MedPay is affordable. For less than the cost of one coffee a week, you can add significant coverage to your policy.

 AVERAGE MONTHLY PREMIUM EXAMPLES

Company

$5k

$10k

$25k

Geico

$19

$28

N/A

State Farm

$3

$4

$4

Allstate

$20

$26

$32

Esurance

$8

$29

$37

Progressive

$17

$26

$35

Rates are for a 30-year-old driver in Indiana with a Toyota Camry.  Coverage limits are per incident except for Progressive, which are per person.

MedPay Pays
For the visual learners... like me!

What I Want for You

I want you to be protected, not just patched up after a crash. Too many people come to me feeling blindsided—by their injuries and their finances. MedPay is about giving yourself and your family peace of mind. It’s about being proactive so you’re not left scrambling in a crisis.

 

The Rocky Mountain Insurance Information Association estimates that 16% of Colorado drivers and uninsured. This rate is among the highest in the country. In Colorado Springs, about 1 in 7 drivers are uninsured. That’s why having good coverage is so important—it’s not just for you; it’s for your passengers, your kids, and anyone who might be in the car with you.

 

Let’s Protect What Matters

Your health and financial stability are worth far more than a small monthly premium. If there’s one thing I’ve learned from working with crash victims, it’s that no one expects to need this kind of protection. But this coverage can make a huge difference in your ability to get care, quickly, and reduce the financial strain in your recovery. Take a few minutes to review your policy and make sure you’ve got the MedPay coverage you need.

 

And if you’ve been in a crash, we’re here to help. At NeuroAthlete, we’ll work with you to not only recover but thrive. Let’s get you back to living your best life—without unnecessary stress or limitations.


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