Paying Medical Bills With Your Personal Injury Settlement

  • By:David Bate

Personal Injury Lawyer

If you are due a personal injury settlement, you may begin to think about all the things you could do with the money besides paying your medical bills. Is that possible, or are you required to use the funds for those bills? The following will help you understand the process behind receiving compensation and what you can do with it.

How the Check Arrives

In most cases, the settlement check will be written out to you and your attorney. The reason for this is because there are certain payments that must be deducted from the check before you are given free access to it. The check will most likely be sent o your attorney’s office, at which time it will sit in an escrow account until it is cleared by the bank.

How the Money Is Distributed

After this time, the attorney will distribute funds as needed. Some places money could be sent include:

  • Your Medical Provider – If you have any unpaid medical bills, those will be paid by your settlement through your lawyer.
  • Your Insurance Provider – If your insurance provider paid for any medical bills before the settlement was complete, you will have to reimburse those payments. Your lawyer will ensure they are paid in full.
  • Your Former Spouse – If you owe spousal or child support, your attorney will use the settlement to pay any outstanding balance on those as well.
  • Your Former Attorney – If your current attorney hasn’t been your attorney all along, you may owe a payment to a former attorney, to which your current one will write a check.
  • Your Attorney – After everything else has been paid, your attorney will deduct legal fees, including the agreed-upon contingency payment for him or herself.

Using Your Portion of the Settlement

After all your costs have been paid by the attorney, you will receive a check for the remaining balance of the settlement. You are free to do whatever you wish with the funds you receive. If your condition does require future medical visits, it’s probably a good idea to put it into a bank account to save for when the bills start rolling in. There’s no law that says you have to do that though, but just remember to be smart with the money you receive.

Hiring an Attorney You Trust

As you can see, your medical malpractice lawyer in Phoenix, AZ will pay a large role in ensuring everyone gets paid properly from your settlement. Contact an attorney you can trust to begin the settlement process today.

Thanks to Rispoli Law, PLLC for their insight into personal injury claims and paying medical bills.

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