Accident Insurance

Accident insurance provides payment directly to you that can be used to help cover expenses due to a covered accident and covered services when the unexpected happens.

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Enroll during Wells Fargo's Annual Benefits Enrollment or your initial enrollment period using the Wells Fargo Your Benefits tool.

Accident Insurance

Take comfort knowing you have financial support for covered accidents.

When unexpected injuries lead to unexpected expenses, your accident insurance provides a benefit payment to you to help you pay for things like bills, co-pays, transportation, childcare and more.

  • You'll receive a payment to use as you see fit, paid directly to you.
  • The plan provides a benefit payment for a covered accident and covered services, no matter what your medical plan covers.
  • Accident-related events that meet coverage criteria are eligible for benefits, such as: sports injuries, auto accidents, bicycle accidents, broken bones, and knee injuries and falls.

Did you know 30.8 million annual ER visits are related to unintentional injuries?1

Accident Insurance FAQs
Am I eligible to enroll for this coverage? Collapsed Expanded

If you are a regular or part-time Wells Fargo employee, you can enroll both yourself and your eligible family members during your initial enrollment period or during Annual Benefits Enrollment.  If you live in MN, ND, TX or MT eligible family member includes eligible grandchildren.

Eligible Family Members means all persons eligible for coverage as defined in the Certificate of Insurance.

I have a good medical plan at work, so why do I need accident insurance? Collapsed Expanded

Accidents can happen anytime, anywhere, and typically when you least expect them. What’s more, they can be costly. Even the best medical plans have associated expenses that you’ll likely have to pay for, such as deductibles and copays or coinsurance. In addition, you may have other expenses you need to pay for such as childcare, household assistance, or transportation costs. So, having extra financial support for a covered accident may mean less worry for you and your family.

Can I enroll for this insurance without having a medical exam? Collapsed Expanded

Yes, if you are a regular or part-time Wells Fargo employee, you can enroll in Accident Insurance, regardless of your health status. There are no medical exams to take and no health questions to answer.

Are benefits paid directly to me or my health care provider? Collapsed Expanded

Payments are made directly to you either by direct deposit or a check made payable to you.

Can I use the benefit payment on anything I need? Collapsed Expanded

Yes, you can use your payment as you see fit. Use it to help cover your medical insurance deductibles, copays, household bills, and more.

When benefits are paid to me, will they be taxable? Collapsed Expanded

MetLife considers Accident Insurance to be “accident or health insurance” for purposes of Federal income tax. Thus, in general the taxation of benefits paid under such insurance differs depending on the premium mode. For employee paid Accident, because all premiums are paid by the employee on an after-tax basis, benefit payments are tax-free in accordance with Section 104(a)(3) of the Internal Revenue Code of 1986, (as amended (the “Code”) and as a result, MetLife does not tax report such amounts to you or the IRS.

1 Source: Centers for Disease Control and Prevention: Accidents or Unintentional Injuries. Emergency department visits. https://www.cdc.gov/nchs/fastats/accidental-injury.htm. Accessed August 2018.

2 Coverage is guaranteed provided (1) the employee is actively at work, performing all of the usual and customary duties of their job at the employer’s place of business or at an alternate place approved by your employer (2) dependents are not subject to medical restrictions as set forth on the enrollment materials and in the Certificate, also referred to as the non-confinement clause.

ACCIDENT INSURANCE FROM METLIFE IS A LIMITED BENEFIT GROUP INSURANCE POLICY. The policy is not intended to be a substitute for medical  coverage and certain states may require the insured to have medical coverage to enroll for the coverage. Provisions may vary or be unavailable in some states. Like most group accident and health insurance policies, policies offered by MetLife contain certain exclusions, limitations and terms for keeping them in force. For complete details of coverage and availability, please contact MetLife. 

Benefits are underwritten by Metropolitan Life Insurance Company, New York, NY. If you are hospitalized due to an accident, please note that hospital does not include certain facilities such as nursing homes, convalescent care or extended care facilities. See MetLife’s Disclosure Statement or Outline of Coverage/Disclosure Document for full details.