A Close Call
Like many homeowners, Casey and Megan Bauer heat their Cresco, Iowa, home with a wood-burning stove.
On Aug. 22, 2015, Casey, along with his dad and brother, were preparing for winter by cutting down trees to split for firewood. That day, Casey experienced a very close call. After losing his footing, the chainsaw he was using slipped out of his hand and cut his knee. Luckily (very luckily) it was a deep, but relatively minor, cut requiring only four stitches.
According to Casey’s wife Megan, he was able to go back to his job as a mechanic at a car dealership right away after the incident.
“It was a big gash in his knee that needed to be sutured together, but it didn’t require any time off from work,” Megan said.
Both Megan and Casey have health insurance through their employers, so the majority of the costs for the injury were covered, but they were still responsible for just over $800 in costs. That type of medical expense for a young family with two kids can really throw a household budget off for a couple months.
Luckily, just three months prior to the incident, they had purchased an accident and hospital indemnity supplemental insurance policy marketed by Platinum Supplemental Insurance. This hospitalization and accident policy is designed to pay cash directly to the policyholder if a hospitalization occurs or if certain injuries are sustained, like cuts requiring stitches, dislocations or fractures.
In fact, Megan says that if they wouldn’t have had the policy, Casey likely would have chosen to forgo treatment.
“In all honesty,” Megan confided, “without this policy, he probably wouldn’t have gone to the doctor.”
As a result of the injury, the Bauers received $3,000 in benefits—$2,500 for the laceration and $500 for the ER visit.
At the time they filed the claim, the Bauers opted to assign benefits directly to the medical provider, so they never had to pay out-of-pocket for the $817 they were responsible for. And, in fact, they received a check for $2,183 in cash benefits on top of that.
Having a supplemental policy ensured that Casey got the treatment he needed, while not incurring any extra expense—and the extra cash might have even gone a long way toward helping with the winter heating bill.
Products and policy benefits vary by state.