There are a variety of options to consider when it comes to paying medical bills while waiting for a settlement. However, it might be a good idea to discuss them with an attorney because some options could have potentially negative consequences.
How to Handle Medical Bills before Receiving a Personal Injury Settlement
If you have the means, the money can be paid out of your own pocket. Some people will use what’s in their savings account or make arrangements with the medical facility, like monthly payments, for their medical bill funding.
For those who have it, health insurance can be utilized for injuries relating to a crash or other injury. However, you still could be responsible for deductibles and co-payments. Additionally, with this type of medical bill funding, the insurer may want to be reimbursed once the claim has been settled.
If you cannot pay right away and a physician or hospital renders services to you, then the funding for your medical bills possibly could be paid with a lien that the medical provider files against your insurance company or personal injury settlement. Once a settlement has been reached, the medical provider will receive payment. But generally their first choice is to go through the debt collection process. In that case, you might be able to work out payment arrangements.
This is usually the last resort someone should turn to in order to pay for medical bills. Although some call it a medical bill loan, it’s really a means of providing the funds necessary until a settlement has been reached. There are usually substantial fees and other risks, which is why it’s critical to discuss this option with an attorney first.
Seeking Legal Advice When Faced with Medical Bills Caused by Someone Else’s Negligence
Because of the exorbitant medical costs that can be faced after a serious accident, it’s critical to have legal representation. When negotiating a settlement, you want to make sure that all current and future expenses are considered. But there may be other damages recoverable, such as lost wages, pain and suffering, permanent disability, and mental anguish. An attorney at The Miley Legal Group can calculate your losses and offer counsel. Fill out our contact form