Will My Health Insurance Company Try to Claim My Truck Accident Settlement?
Were you hurt in a crash with a semi-truck in Florida? You need immediate medical care. Your health insurance company may cover a significant portion of your initial costs. This raises an important question: Will my health insurance try to get my truck accident settlement? The short answer is “it depends”—though, there are steps that you can take to best protect your financial settlement. Here, our Miami truck accident lawyer explains the key points to know about dealing with a health insurance company after getting a personal injury settlement in Florida.
A Health Insurance Company Can Seek Reimbursement
Following a truck accident, your health insurance carrier may cover some of your medical costs. It can seek reimbursement of those payments from the at-fault party. This is known as subrogation. As defined by Investopedia, subrogation is “the right of an insurer to pursue the party that caused the loss to the insured in an attempt to recover funds paid in the claim.” For example, imagine that you suffered $15,000 in medical costs due to a truck accident. However, your health care insurer covered $14,000 of those expenses. Your insurer can seek $14,000 from the at fault party. You still have the right to recover compensation for all out-of-pocket medical bills.
Your Truck Accident Settlement Should Be Properly Structured
In order to ensure that you are in the best possible position to secure full and fair financial compensation after a crash with a commercial truck, it is imperative that your settlement is structured. An experienced Miami truck accident lawyer can help. With the right structure in place, you can protect the greatest extent of your settlement as possible from your health insurance company. Remember, your health insurer may potentially seek reimbursement for the payment to medical providers that it made on your behalf. However, your health insurance company has no right to seek reimbursement for compensation from your lost wages or pain and suffering damages.
You Need Compensation for the Full Extent of Your Damages
Following a crash with a semi-truck in Florida, it is imperative that injured victims are able to secure the full and fair financial compensation that they are entitled to under the law. Do not rely on any insurance company—even your own auto insurance provider or health insurance provider—to look out for your best interests. Our Miami, FL truck accident lawyers can help you fight for the maximum financial compensation. You may be able to recover damages for:
- Property loss, including vehicle repairs;
- Emergency medical treatment;
- Hospital bills and other health expenses;
- Physical therapy and mental health support;
- Loss of wages and loss of earning power;
- Pain and suffering & mental distress;
- Disability or disfigurement; and
- Wrongful death of a family member.
Speak to Our Miami, FL Truck Accident Lawyer Today
At Pike & Lustig, LLP, our Miami, FL truck accident attorney fights tirelessly for justice. If you have any questions about health insurance and truck accident settlements, we are here to help. Call us now or connect with us online for a free, no strings attached case review. Our firm represents truck accident victims in Miami, Miami-Dade County, and throughout all of South Florida.
Source:
investopedia.com/terms/s/subrogation.asp
