MedPay Quiz
10 Questions
53 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is MedPay in auto insurance?

  • An optional add-on that covers medical expenses regardless of fault. (correct)
  • A mandatory coverage required by law in all states.
  • A type of insurance that only covers damages to vehicles.
  • A discount program for safe drivers.

    • Which of the following expenses is typically covered by MedPay?

  • Legal fees incurred during an accident case.
  • Vehicle repairs and maintenance.
  • Hospital bills, doctor’s fees, and ambulance costs. (correct)
  • Property damage caused by an accident.

    • How does MedPay differ from liability coverage?

  • MedPay only covers medical expenses for the at-fault party.
  • MedPay covers medical expenses regardless of fault, while liability coverage only covers the other party’s expenses. (correct)
  • MedPay covers both medical and vehicle damage, while liability covers only vehicle damage.
  • MedPay is mandatory, and liability coverage is optional.

    • What is the typical range for MedPay coverage limits?

    <p>$1,000 to $5,000</p> Signup and view all the answers

    How does MedPay interact with health insurance?

    <p>MedPay can act as either a primary or secondary payer depending on the situation and actual policy language.</p> Signup and view all the answers

    Who is covered by MedPay in an accident?

    <p>The policyholder, their family members, and any passengers.</p> Signup and view all the answers

    What is a reimbursement clause in a MedPay policy?

    <p>A clause that requires the insured to reimburse the insurance company if they receive compensation from a third party.</p> Signup and view all the answers

    Who typically receives the MedPay funds directly from the insurance?

    <p>Medical providers or sometimes the attorney.</p> Signup and view all the answers

    When might MedPay funds be reimbursed directly to the client?

    <p>When the client has already paid for their medical expenses out of pocket.</p> Signup and view all the answers

    In which scenarios can MedPay be particularly crucial?

    <p>In accidents involving uninsured or underinsured motorists (UM/UIM).</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser