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Paying for Medical Costs While Waiting for a Settlement

Personal Injury Lawyer

After being injured due to the negligent acts of another individual, you’ll need a way to pay for your medical costs while you wait for your settlement to finalize. You probably didn’t financially plan for this type of injury, so how will you pay all those costs? The following are some options to look into.

Personal Health Insurance Coverage

If you have personal health insurance, you may be able to use it as a way to pay for your injuries. Be sure you inform your healthcare provider that you are currently in the middle of a lawsuit so that is noted when the bill is sent to the insurance company. In most cases, your health insurance provider will place a lien on your settlement, so costs will be reimbursed after your case is final.

Government Assistance Programs

There are certain government assistance programs aimed at helping individuals in similar situations to your own. If you are unable to pay for medical care while in the midst of a lawsuit, and you qualify for Medicaid or Medicare, you may be able to get your bills paid that way. Certain government programs are allowed to place a lien on your settlement as well, so keep that in mind.

Hold Agreements

Some healthcare providers will allow you to enter a hold agreement with them. This is a contract that states the healthcare provider will not send your bills to collections until you have a chance to pay them with your settlement. Many times, payment will come out before you receive any settlement money, which is truly a protection to you.

Payment Plans

Sometimes a medical provider will offer you a payment plan so you can get your bills paid on time. For example, a physician may allow you to make small monthly payments without interest until you receive your settlement. Another physician may cut your bill in half if you pay in full at your first appointment. Yet another could offer a certain percentage discount if you pay in cash.

Lawsuit Cash Advance

Similar to payday loans, you can seek a lawsuit cash advance. This gives you an opportunity to pay for your medical bills while you wait for your lawsuit to conclude, but you should be extremely careful when entering into these agreements, as they carry high interest rates.

Contacting Your Lawyer

When you’re in the middle of a lawsuit, your finances could be tight. Contact a personal injury lawyer, like a personal injury lawyer from Needle & Ellenberg, P.A., for help during this time.