When you have a pending insurance claim or civil lawsuit, you are likely seeking compensation for your medical expenses as they relate to your injuries. However, you might be surprised to learn that you have an opportunity to negotiate medical bills.
Even after a settlement has been reached, you may be able to work with your healthcare providers and insurance companies to get your costs reduced. While you wait for your attorney to reduce your medical expenses, our loan specialists at High Rise Financial can help you access your settlement in advance. Find out more about how to negotiate medical bills and secure pre-settlement funding now when you contact us to discuss the specific details of your case.
Ask for a Medical Lien
One of the top ways you can cover your medical expenses while dealing with pending litigation or insurance negotiations is by requesting a medical lien. Here, by working with your healthcare provider, instead of being required to cover your medical expenses as you receive care, you sign a payment agreement that states you will pay for it with your personal injury settlement verdict or insurance payout.
These are common in cases where you do not have sufficient health insurance coverage or no-fault auto insurance coverage to cover the costs of your healthcare. It also is common in cases where the liable party who caused your injuries does not have sufficient insurance. Even if you have the funds available to cover these medical expenses upfront, you may not be willing to part with your emergency fund.
A medical lien is a great opportunity to get your costs covered in advance and worry about paying them back when you win your case. However, you may be worried about what will happen if your healthcare provider agrees to treat you without payment if your lawyer loses your case. If this happens, you may wind up in serious financial straits, including facing wage garnishment, debt collection attempts, and a devastating impact on your credit report and score.
To apply for free, call (877) 735-0016
Negotiating with Insurance Companies
Another way you may be able to get your medical expenses covered or reduced is by negotiating with the insurance company. Insurance companies are in the business of denying claims. After all, it is one of the top ways that they can increase their profit margins and reduce profit losses.
For this reason, insurance companies may initially deny you the treatment or care your physician suggested. If the insurance company is unwilling to cover the costs, your personal injury lawyer may be able to negotiate with the insurance company on your behalf. This way, the insurance company can cover your costs so you will receive the medical treatment you need.
Types of Medical Bills You Need to Be Covered
After being involved in a negligent accident, there are a wide array of medical expenses you are likely to incur. The truth is, you should not be forced to cover any of them. When someone is at fault for your injuries, they can be held financially responsible for your medical expenses.
When filing a claim with the liable party’s insurance company or bringing your case to civil court, you may get the responsible party to cover your costs via a judgment or insurance settlement. Some of the qualifying types of medical expenses include:
- X-rays, CT scans, and other diagnostic tests
- Ambulance bills
- The cost of your hospital stay
- Mental health counseling fees
- Ongoing physical therapy or occupational rehabilitation
- Costs of prescription medications and co-pays
- The accommodations your home needs, such as widening of doorways or the installation of wheelchair ramps
- The costs of necessary medical equipment
- All of your future medical expenses
How to Access the Medical Funding You Need NOW
Figuring out how to pay your medical costs after everything you have been through can be extremely stressful. Fortunately, with help from our loan specialists at High Rise Financial, you can get the medical funding you need to avoid a financial emergency.
We offer same-day pre-settlement loans so you can access a portion of your injury settlement ahead of time. A pre-settlement loan may be your best option when you need your medical expenses covered.
To qualify for medical legal funding, you simply need to work with an attorney, have an anticipated settlement, and be at least 18 years old. Our team of all specialists will discuss your case with your personal injury lawyer to ascertain how much we can reasonably approve in medical legal funding.
Complete a Free Application form now
Paying Back Your Lawsuit Loan for Medical Bills
You do not need to worry about the potential for wage garnishment or adverse treatment if your lawyer does not win your personal injury claim. They would not have taken on your case if they thought they were going to lose.
However, High Rise Financial understands the risk we take in paying out loans in advance. We will never hold you accountable if your lawyer loses. If your lawyer wins, they will use a portion of your settlement to cover the total value of your lawsuit loan for medical fighting. Then, the remaining balance will be sent to you in the form of a check or buy direct deposit.
Reach Out to High Rise Financial for Medical Legal Funding Today
Getting your medical bills reduced is critical if you hope to retain the majority of your settlement. While your legal advocate works with insurers and healthcare providers to negotiate your medical bills down, you can obtain an advance on your settlement and start covering your costs.
Reach out to our dedicated High Rise Financial loan specialists to find out whether you qualify for medical legal funding. You can reach us by phone, through our quick contact form, or simply apply now to access your pre-settlement funding as soon as today.