One of the most common questions asked by new clients is whether I should use my own health insurance to pay the medical bills.
Why do individuals who have sustained injuries without any wrongdoing frequently experience confusion regarding the recipient of the insurance payment for medical expenses?
Regardless of the source of the confusion, the answer is clear–always use your health insurance any time you receive accident-related medical treatment.
Why use your health insurance to pay accident-related medical bills?
Insurance companies do not pay car accident medical bills directly to the hospital or doctors—even when their insured driver is found to be responsible.
Auto insurance providers only compensate you, as the claimant, in the event of a settlement.
Sometimes, this procedure can consume a few months–or even a long time. Throughout this duration, unpaid invoices might be forwarded to debt collectors, which can negatively affect your credit score.
If your claim is ultimately denied or delayed beyond the time period allowed by your health insurance company, you may be responsible for paying the entire amount owed to the medical provider by submitting your bills.
Timely submitting your invoices to your health insurance provider completely avoids this issue.
Using health insurance to pay your medical bills maximizes the recovery you receive from the car insurance company after your claim is settled.
The total amount you receive from the automobile insurance company will encompass the entire sum of any accident-associated invoice you accumulate.
If you choose not to utilize your health insurance, you will be responsible for paying the entire balance at the time of your settlement. Despite the fact that you will reimburse the complete bill, medical providers grant health insurance companies substantial reductions.
If your health insurance provider has already covered their reduced fee, the advantage of that deduction is transferred to you.
Even if your health insurance is entitled to be reimbursed from the proceeds of your settlement because you are in the military, disabled, or your plan requires “subrogation,” you still get the discounted rate.
Only a small portion of the total sum of the asserted invoices needs to be repaid to your healthcare insurer. The sum disbursed to them is considerably lower than the complete amount of the healthcare bills once the insurance company is reimbursed from your settlement.
Monthly expenses for health insurance can be expensive for most Americans. Whenever you require medical care, you should receive the benefits of having insurance by paying for the health coverage benefits.
Ultimately, it will consistently result in a more favorable outcome if your healthcare provider promptly submits all their invoices to the health insurance company, especially when you or someone you are acquainted with is undergoing medical treatment due to an accident.
If you or a loved one has been injured through no fault of your own, you may be entitled to compensation. Call Allen & Allen today at 866-388-1307 for a free consultation.