How Can I Pay My Medical Bills Until I Receive My Settlement?
If you have an accident you should receive compensation for any medical bills from the person who was deemed at-fault for the accident. However, you will not receive any financial compensation until the case has been successfully processed, and that is assuming that the insurance company agrees to pay you anything.
If your injury from the accident has resulted in you being unable to work and losing your income, it can make a complicated situation even more frustrating. One of the main concerns you might have is: How can I pay my medical bills until I receive a settlement? Waiting for an insurance company to offer you a settlement you feel is fair for your personal injury will not happen as quickly as you would like it to. During this time, you may worry about how you will pay the medical bills that you have accumulated after the personal injury.
If you have health insurance, one of the first things you should do after receiving the necessary treatment from a medical facility is to provide your health care provider with information related to all of your medical treatments and doctor visits. Some doctors will be willing to work with patients with the understanding that they will receive payment once you receive the settlement.
The at fault parties car insurance will not directly pay your medical bills, but most will reimburse you for the expenses you and your health insurance company have paid for the medical bills.
Unless another insurance provider has been listed as the primary insurer, such as the insurance company of the other driver or workers’ compensation, your health insurance provider can cover the medical expenses.
While you are waiting for your claim to completely process, if you carry certain types of insurance on your auto policy, your own coverage could begin to kick in. There are types of coverage on your auto insurance policy that you may be able to use before settling your accident claim, including the following:
- Personal injury protection (PIP) coverage
- Medical payments coverage
Personal Injury Loans
If you are in distress and you are in need of money while waiting for your claim to settle, you may find yourself in a very difficult situation. In many cases, a victim may think about taking out a personal injury loan in order to obtain funds. Taking out a personal injury loan may seem like your only option, however, taking this route is not always recommended.
If you do make the decision to take out a personal injury loan, you could pay back the loan at a very high interest rate. What will happen if your settlement does not yield the amount of money you initially thought? If you receive less than the amount you thought you would receive, you will be left with a deficit plus the interest you will owe.
If it will take an extended time for you to recover, your doctor may be able to provide you with documentation so that you can file for disability. However, disability claims can take a year or more to come through so this is not the best short-term solution.
Hire a Personal Injury Lawyer
At the Armour Law Group, we understand how challenging it can be to cover the costs while you are waiting on your settlement to finalize. We will work on your behalf to go through all of your options to alleviate your burdens while you are recovering from an injury. If you have mounting medical bills that you need to pay, do not hesitate to contact the Armour Law Group, Lake Nona personal injury attorneys, today.