Negotiating a personal injury case in and of itself can be stressful. But when there are looming medical bills and other expenses to take care of, it can create additional worries and concerns.
However, there are some ways to handle the financial burden that’s been created, such as:
- healthcare coverage;
- a hold agreement;
- your car insurance; or
- a personal injury settlement loan.
Below is an overview of some of the options you might have if you need to pay medical bills and expenses after an Atlanta car accident while you're negotiating a settlement with the insurance company.
Taking Care of Health Insurance Coverage
Your own health insurance can provide coverage of your medical bills under the terms of your policy. But be aware that your health insurance may require deductibles and copayments.
Alternative to Health Insurance: Hold Agreement
For those who may not have health insurance, asking the medical provider to place a hold on the account might be an option. It could prevent the bills from going to a collection agency under this hold agreement, with the expectation that they will be paid as soon as the case is settled.
One You Might Not Have Considered: Your Car Insurance
Since Georgia is an at-fault state, the insurance company of the person responsible for the accident is expected to cover all costs. However, you may be able to file a claim with your own insurer depending on the type of coverage you have.
An example is medical payments coverage, which pays for medical-related expenses regardless of who was at fault. Keep in mind that it’s only up to the limits of the policy, which may still not be enough.
Pre-Planning: Apply For a Pre-Settlement Loan
This is usually a last resort, applying for a loan to cover the costs until reaching a settlement. That’s because there are oftentimes substantial rates and fees attached to them. But when the medical providers and/or insurance company isn’t willing to work with a client, it may be the only option. In fact, if you lose your claim or lawsuit, you may not have to pay back the loan.
What Not to Do When Faced with Medical Bills and Expenses during Negotiations
Sometimes people are willing to accept less than what they deserve when financially burdened by medical bills. Although it might make sense to just get everything over with and pay off the companies or entities to which you owe money for medical treatment and care, in the long run it’s not in your best interest if you have long-term expenses.
To be sure negotiations are handled fairly and in a timely manner, consult with an attorney. By obtaining legal counsel, you can learn more about the options that could be available to take care of the medical costs and other expenses during your negotiations.
Contact Jason R. Schultz at 404-474-0804 to set up a consultation about your case and to discuss the legal options you have.