A new poll just showed that 50% of Americans would have to take out a loan to cover a $1000 emergency room visit. Considering that the average cost of an overnight visit to a hospital costs around $10,000, very few uninsured Americans are able to pay for the cost of a serious car accident. Some people are able to recover the full cost of their injuries by filing a personal injury claim, but that process can often take over a year. During that time, many Americans struggle to pay their medical bills, and are often tempted to accept low settlement offers to cover some of their bills. This article will cover a few strategies for paying off medical debt incurred after a serious accident.
Health insurance should be the first resource that you utilize when faced with a medical bill. Whether or not it is through an employer, private, Medicaid, or Medicare, health insurance often covers many of the expenses that an accident can generate. Health insurance companies sometimes request part of a settlement from a personal injury case. This is referred to as subrogation and occurs when your health insurance company seeks reimbursement from the at-fault party’s health insurance provider.
Personal Injury Protection (PIP) are optional components of some car insurance policies. It covers medical bills, no matter where responsibility for the accident lies. Health insurance usually offers a much higher payout, but PIP can supplement the remaining bills depending on what your insurance policy is. If you are uninsured, or the cost of your medical bills exceeds your insurance policy, there are still some options open for paying for treatment.
Some medical providers will put a bill on what is known as a lien, or line of credit, with the expectation that they will be paid back with a settlement from a personal injury case. This strategy can be very useful for longer treatment plans, such as occupational therapy, that you cannot afford to pay for right away. Not all healthcare providers will use this financial tool, but an experienced personal injury attorney can often help connect you with one and figure out a payment plan.
Discuss Your Options With a Personal Injury Attorney
The goal of a personal injury lawyer is to ultimately compensate and reimburse a client for the losses they have endured in accidents where they were not at fault. Seeking the help of an experienced attorney is a great way to explore all the options available to you for covering medical expenses incurred after an accident. This means pursuing a settlement, but it also means finding a way to pay for the damages in the meantime, whether through a medical lien or a subrogation with an insurance provider.
Germany Law Firm is incredibly experienced in reviewing and negotiating personal injury claims. If you or your loved ones have been injured in an accident, you should reach out to one of our Mississippi personal injury attorneys as soon as possible. To schedule a free consultation, call 601-401-6884 today.