After a motor vehicle accident, medical bills will come in and payment will be due within 30 days. Many believe that the person at fault will have to pay these medical bills in a timely manner. Unfortunately, that is not true. The “at fault” driver’s insurance company will pay the settlement once all of the treatment and all of the damages have been realized. But the time during treatment and final settlement can be lengthy, sometimes even years depending upon the severity of the injuries.
The best way to protect yourself from having medical bills submitted to collections during this time is to have medical payments coverage on your own insurance policy and to retain an attorney immediately. This coverage is often referred to as med-pay. This is a coverage that is generally relatively inexpensive. Medical payments coverage pays medical bills that you incur up to the amount of the limit immediately. Most med-pay policies range between $2,000 and $10,000. The higher your limit, the better you will protect yourself. Medical payments coverage will cover co-pays from health insurance or medical bills in their entirety if you do not have health insurance. This will protect you and your family from having medical bills referred to collections in the event of an accident. I highly recommend to all of my clients, if possible, to add medical payments coverage to their own policy. If you’re involved in an accident and do not have health insurance and do not have medical payments coverage you will want to seek the help of an attorney immediately to protect yourself from possible adverse effects to your credit rating.