When you are in an accident the first thing you need is to seek medical treatment. This is especially true if the accident is catastrophic and your injuries are life threatening. When you go to the hospital or the doctor for help, you will probably be asked for your health insurance information. Even if you were not the cause of the accident, it is smart to provide the requested information and sort out the details afterwards.
The way to sort out the details later can be through a process known as subrogation. Insurance companies make these types of claims all the time, and they are a way to get repaid for expenses that should have been paid by another party. It works like this:
- Your insurance provider pays for the cost of medical care.
- When the accident was not your fault, your insurance company will look to the company of the negligent party for reimbursement.
- If you have paid some of the expenses out of your own pocket, you can also seek to be repaid.
Understanding how subrogation works is critical to the outcome of your case because any offer made to you might be reduced by a subrogation amount. Keep in mind though that the amount repaid through subrogation is capped at the amount paid for services on your behalf. This is good to know because it gives you a mathematical certainty as far as what has to be repaid. Knowing possible reductions in a settlement or other award will help you make a decision as to whether the offer is reasonable. We can help you through this complex legal issue so you can make informed decisions. We are knowledgeable about subrogation issues and are here to explain it to you in a way that makes sense.
If you’ve been hurt in an accident, let an experienced attorney help recover a full and fair compensation for all of your injuries. We explain all the aspects of your case so there are no surprises. Call a Bloomington, Minnesota personal injury attorney today and schedule your appointment.