What Boxing Promoters Need to Know About Medical Expense Benefits
Boxing is a sport that involves a lot of physical activity, and injuries are not uncommon. Boxers often get hurt during a match, and some of these injuries can be quite serious. This is where medical expense benefits come in. As a boxing promoter, it is important to understand what medical expense benefits are and how they can help your fighters. In this blog post, we will discuss everything you need to know about medical expense benefits, including what they cover and how they work.
Medical expense benefits are designed to help cover the costs of medical treatment for injuries that your fighters sustain during a match. If a covered person incurs eligible expenses as the result of a covered injury, the company will pay the charges incurred for such an expense within one year, beginning on the date of the accident. Eligible expenses refer to charges for necessary medical treatment and service. The first such expense must be incurred within 90 days after the date of the accident.
It is important to note that medical expense benefits are only for expenses in excess of any other applicable insurance, not to exceed the maximum medical expense benefit. This plan does not cover treatment or service for which benefits are payable or service is available under any other insurance or medical service plan available to the insured person. You should make sure that your fighters have adequate insurance coverage before entering them into a match.
When you are selecting a medical expense benefit plan, you should look for one that offers adequate coverage and complies with the State Combative Sports insurance requirements. The amount of coverage you need will depend on the requirements set by your State and/or sanctioning body.
If your fighter sustains an injury during a match, you should file a claim with your medical expense benefit plan as soon as possible. You will need to provide documentation of the treatment and services received, as well as the charges incurred. Once your claim is approved, the company will pay the eligible expenses in excess of any other applicable insurance, not to exceed the maximum medical expense benefit.
Medical expense benefits are an important consideration for boxing promoters. They can help cover the costs of medical treatment for injuries sustained during a match, which can be quite significant. As a promoter, you should make sure that your fighters have adequate insurance coverage before entering them into a match. When selecting a medical expense benefit plan, look for one that offers adequate coverage complies with the requirements set by your governing body. Remember to file a claim as soon as possible if one of your fighters sustains an injury during a match.