When you are injured in an accident, you know you can seek compensation for your medical bills through a personal injury claim. But personal injury claims can take time, sometimes months or even years, to reach their final settlements. When you are suffering from an injury, you do not have this kind of time. You need money so you can get your medical treatment.
So what can you do to pay your medical bills before you receive your compensation from the negligent party’s insurance provider? That depends on the type of accident in which you were involved and the terms of your healthcare insurance policy.
Do you or the Negligent Party Have Medical Payment Insurance (Med Pay) Coverage?
If so, then this will cover your medical bills after an accident.
Tennessee is a “fault” state for car accident claims, which means that if you are injured in a car accident, you need to file a claim with the negligent party’s insurance provider. But to make up for the potential gap and financial need that a victim might face with this, many insurers provide medical payment coverage, which allows injured parties to receive compensation from their own insurers for their medical bills following accidents.
Some homeowner’s insurance policies also have medical payment coverage, which can provide for victims of premises-related accidents like slips and falls.
Your Insurance Provider is Entitled to Reimbursement for its Expenses
If your insurance provider covers your losses through medical payment coverage, it has the right to seek compensation from the negligent party’s insurer through a process known as subrogation. This is why you should not sign an insurance release without first discussing it with your attorney and your own insurance provider – doing so can prevent your insurer from getting reimbursement for its expenses and thus hurt your ability to recover your damages.
If You Do Not have Insurance or Med Pay
If you suffer an injury and do not have insurance, if your insurance policy does not include medical payment insurance, or if you are found to be ineligible for a claim with the negligent party’s insurer for any reason, you need to pay for your own medical bills.