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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?
Wiki User
∙ 8y ago
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.
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.
Can a health provider place a lien against monies you might receive from a car accident?
Yes. If your health provider paid your medical expenses resulting from a car accident it has the right to be reimbursed from any settlement you receive from the car insurance company. You should review any documents you received that explain your coverage.
What is claim settlement ratio in Insurance?
All Insurance companies released its annual report which contain claim settlement ration. The calculation is done by dividing the total number of claims received by the total number of them settled. e.g If a insurance company receives 1000 claims and they settles 980 claims,than the claim settlement ratio for that particular insurance company is 98%.
Do you have to reimburse health insurance for car accident medical treatment?
Usually the health insurer will record a lien, and, as, that lien will have to be paid off. The amount of the lien may be able to be negotiated downward after you receive settlement money. * If you are validly insured then it is the responsibility of the insurer to cover those costs which are covered under the existing policy. that is why you pay insurance premiums in the first place. Depending on the circumstances the insurer may try to recover monies paid for medical expenses from the person or the person's insurer who was at fault in the accident. Liens are only possible if a lawsuit is won and a judgment is awarded to the plaintiff. The exception being a Mechanic's lien which is used to recover costs for repairs or improvement of the real property in question.
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.
What does the allowed amount in an insurance contract mean?
The allowed amount is the amount that the insurer will pay for particular service. In the context of health insurance, for example, it is the amount that the insurer will pay for each covered procedure. The allowed amount is usually the amount the insurance provider deems the services received to be worth. This amount can also be set by provider contracts with the insurer. These are contracts where, for instance, an insurance company agrees to pay 80% of the standard rate of the provider. In most managed care arrangements, the provider agrees to accept that amount in full payment and not to bill the insured for the balance.
Is it required to make a primary dental insurance adjustment if the dentist is a preferred provider before submitting a claim to secondary insurance?
You wait until both claims are received then write off the lesser of the two amounts
If your home was lost in a fire and you received an insurance settlement and built a new home on the old basement can you get insurance money if something happens again?
Yes. As long as you keep the premiums paid, once it has been rebuilt you should have the same insurance coverage as before.
What is a title insurance companys liability if a lender has received a title commitment and a title transfer at closing involved fraud?
ATLAS Settlement, LLC located in Pittsburgh PA assists with residential and commercial real estate title insurance and closing services. ATLAS Settlement offers the highest quality professional services with regards to all facets of your Real Estate transaction, from drafting instruments of conveyances and issuing the title insurance policies to full document preparation and representation from contract to closing. ATLAS Settlement LLC's website is www.atlassettlement.com
I was injured in an auto accident and received a settlement. do i have to claim this as income?
No. Personal injury settlements are non-taxable. Double check with your state's commissioner of insurance, or the adjuster you settled with. It may vary by state.
What are the ratings and certificates for The Settlement - 1984?
The Settlement - 1984 is rated/received certificates of: Australia:M Australia:PG (DVD rating)
What are the ratings and certificates for International Settlement - 1938?
International Settlement - 1938 is rated/received certificates of: Finland:K-16
