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If an auto insurance pays for medical claims and a settlement is received from an at-fault driver for bodily injury is that to repay the insurance co?
Wiki User
∙ 8y ago
- According to my insurance company, if i receive money from the At Fault other driver as in a settlement, then yes I have to repay my own insurance company for the medical related expenses they paid for me that fell under my medical coverage policy. So if you have 10,000 in bodily injury and you used 5,000 in medical and you were awarded 20,000 by the other insurance company, you must pay them back that 5,000 and can keep the rest. This may not be true for all companies. Your claim advisor or insurance agent should be able to answer for you. The other screwy thing is that if you have to go to court to get a settlement or any money awarded, my insurance company said they will not pay for any costs associated with a lawyer or court but that if I get any money, I HAVE to pay them back all the medical they paid out on my behalf. I can choose to get whatever settlement is offered and get the leftovers, I can hire an attorney(out of my pocket) or I can do nothing. I am not sure why we pay these people.
- In the UK there are very clear distinctions between compensation for pain and suffering for bodily injury and financial expenses such as medical expenses. Often the sums paid by your auto insurer on your behalf including vehicle repair expense will be claimed directly by your auto insurer from the person at fault whilst your solicitor deals with the claim for your bodily injury and additional financial losses. However, your solicitor will liaise carefully with your auto insurer to ensure that the insurer's rights are not prejudiced and all proper monies are recovered. To see examples of the types of compensation you can claim click the related link entitled "traffic accident compensation".
- In Florida, the answer depends on whether you have uninsured/under-insured motorist ("UM") coverage. First, your own company must pay the first $10k, then the at-fault party must pay the remainder, up to the policy limits. If the at-fault party's policy limits do not cover all the expenses and you intend to seek the unpaid remaining expenses from your policy (the UM coverage) and not from the at-faulty party, then you must obtain permission from your own insurance co. prior to settling for the at-fault party's policy limits. As to the first bulleted answer above: that person should really find someone UNBIASED to seek advice from other than the employee of the for-profit insurance company.
Wiki User
∙ 8y ago
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Who reimburse your health insurance provider that paid for medical bills if you received a settlement from your auto insurance you or auto insurance?
The insurance company would pay them directly to make sure they are paid.
Will your insurance pay the medicare lien if the other parties insurance liability is not sufficient to cover the entire settlement amount?
No. I assume that you were in a car accident and that you had injuries. I assume that you had medical expenses that were not covered by insurance. I assume that you own a house and there is a lien on that house to pay the cost of the medical care. I assume that the insurance settlement took 2-3 years to settle. I assume that your settlement amount paid by the other driver's insurance policy was less than the cost of your medical care. There is no other "insurance" to rely upon to pay the cost of the medical are that was not covered by your insurance and that was not covered in full by the amount of money you received from the other driver's insurance company.
I signed an auto insurance settlement for medical. can I change my mind?
No, by signing the settlement you are waving the insurance company and the opperator from any further liability.
Dose medicaid take from insurance settlements?
Yes, to recover cost of medical care that for which the defendant in the settlement was liable.
I allowed someone to ride my bike when it had no ins. they were in a atfault accident. What kind of punishment im i lookin at?
Minimum you are responsible for all claims due to the accident. Damage and medical if any. Depending on state, one or both of you may get hit with no insurance ticket, fines vary, probably will not suspend lincense since you were not driving. It is so much easier to play by the rules and keep insurance. Been there done that.
Does medical insurance reduce your Social Security portion?
Medical insurance payments to the providers of the services for your medical bill charges would not reduce the amount that medicare will approve for the payment amount charges that they will pay for the services that you have received.
Can i Deduct my car accident settlement?
Perhaps you did not phrase the question the way you meant to? If you received a settlement, I am baffled as to why you would think that money you received is tax-deductible. If you still have some expenses that were not covered by the settlement, you may be able to claim a casualty loss deduction or a medical expense deduction. If you paid out a settlement, it would only be deductible if it were a business expense.
Do you have to pay back after a settlement?
Pay back whom? If you receive a settlement for an injury and you have medical bills you have to pay those bills related to the injury and it is a good idea to put any remaining funds leftover into a special account in case you get future bills for that injury. Many people go and buy a house or a car with the settlement money and then later on when they need the money to pay for injury care the money is gone and they are in real trouble. Medical insurance carriers will not pay for injury care when you have received a settlement to pay for that injury care. So be wise.
Do you have to reimburse your medical insurance if you get a medical malpractice settlement?
This largely depends on the jurisdiction. It is possible for some insurers to press for reimbursement from a settlement but it depends on a number of variables as well as the particular laws of the state. The article below goes into more detail on the possible instances where repayment is or is not required.
Do you have to reimburse a health insurance provider that paid for medical bills if you received a bodily injury settlement from your auto insurance?
If they have a Subrogation Clause (Section of Property Insurance and Liability Insurance policies giving an insurer the right to take legal action against a third party responsible for a loss to an insured for which a claim has been paid) in their contract (and most do). The above answer is correct. What this means is you need to take this into consideration when deciding on a settlement. If your health insurance paid $50,000 in benefits and your attorney gets 30% of what he/she recovers, settling for $75,000 may sound nice but you will likely never see a nickel of it.
How do you cancel your blue shield medical insurance?
I have tricare medical insurance. I want to cancel my blue shield medical insurance. How do I go about doing it? I have tricare medical insurance. I want to cancel my blue shield medical insurance. How do I go about doing it? I have tricare medical insurance. I want to cancel my blue shield medical insurance. How do I go about doing it?
Can a health insurance take your settlement if there are going to be medical expenses for a lifetime in Connecticut?
Yes. The health insuror's subrogation rights entitle them to 100% reimbursement of all medical expenses. However, unless your attorney is totally incompetent, she will include the health insuror in the settlement negotiations and fix their payment in the deal.
