Do I Need Uninsured Motorist Coverage If I Have Medicare?

Though mandatory in Missouri, auto insurance is reportedly missing for around 14% of drivers in the state. 

There is an insurance policy for virtually anything you want. Many insurance ads show you the next thing in your household that needs protection. You may be overspending on insurance and considering trying to reduce your auto insurance. Uninsured motorist coverage should not be left on the insurance chopping block, even if you have Medicare.

Understanding the Uninsured Motorist Coverage

Though mandatory in Missouri, auto insurance is reportedly missing for around 14% of drivers in the state. This exposes everyone to a lot of risks in the event of a car accident. Usually, the at-fault driver can cover all medical and property damage costs through auto insurance. To ensure you are protected, you can also have uninsured motorist coverage, which kicks in when you are in an accident with an uninsured driver or the victim of a hit-and-run, and the at-fault driver is unknown.

Uninsured coverage is designed to protect you on the roads of Missouri and ensure that you have the proper resources to cover your medical expenses in the event of an accident.

Why You Shouldn’t Skip Out

Many people feel tempted to skip this coverage, assuming they can cover their medical expenses through Medicare or other health insurance. However, it’s worth pointing out that any health insurance has limitations, and it’s possible for some treatments or health expenses not to be covered by Medicare. For example, some policies may not cover physical therapy, so you likely have to pay for this treatment yourself.

Additionally, Medicare may only cover your health costs and certain family members. If you have passengers with you at the time of the accident, uninsured motorist coverage will also pay for their medical treatments. Without it, they likely have to use their health insurance if their treatments are eligible.

Another issue is property damage. Medicare will not cover the costs of repairs, nor will uninsured motorist coverage in most cases. It usually depends on the policy you have, as some insurers may also add vehicle protection besides the medical benefits. It will help if you read your policy to find out.

Property damages may be covered under your primary auto insurance.