It can be difficult to learn how to pay for medical treatment after a bicycle accident, but in most cases, your settlement should cover the costs.
While some providers will wait until you receive payment from a settlement, others may not require you to borrow funds to help you continue to get the care you need. Consider bicycle accident lawsuit loans after a bicycle accident.
Your Settlement Should Cover Your Medical Bills
When filing a claim against the at-fault party, the cost of all of your medical bills, including future expected costs, should be included within the claim details. That should include any losses for emergency medical care, ongoing support in a hospital or rehabilitation center, and in-home care. If you need medications, surgery, physical therapy, or other medical services, include all of these losses within your claim.
Your bicycle accident lawyer will also help you determine future medical costs you are likely to have based on expected procedures or limitations you will continue to have. This allows you to make sure you are not settling your claim for less than the at-fault party owes you. Many times, you will not have to pay for these costs until your settlement comes in to cover those losses.
Many times, your health insurance will cover these costs for you now as well. That means you may have to reimburse the insurance company later once you receive compensation from the settlement. For those without health insurance, the process can become more complex when paying for medical treatment after a bicycle accident, which is where Georgia pre-settlement funding can help.
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What to Do When You Do Not Have Health Insurance
The bicycle accident was not your fault, but without health insurance, you are unsure how to continue to receive the care you need without paying for it up front. Though many providers will understand the complexities of what you are facing, others may not provide ongoing medical services to you because of the lack of funding for paying for medical treatment after a bicycle accident. That is often the case for non-emergency or non-life-threatening instances.
In this situation, consider the use of a pre-settlement fund, a type of legal funding tool that allows you to tap into the value of your settlement now, before you receive that settlement from the lawsuit. These are not personal loans but rather based on the strength of your lawsuit. Your attorney can help to vouch for the value of the case, helping to assure the lender that you will repay the funds when the settlement is paid to you.
They operate as a lien, meaning that once your settlement is paid to you, the funds are paid off immediately. This can enable you to secure the funds you need now to cover your medical bills or other expenses before you receive the full settlement from the court. For many people who have extensive injuries from bicycle accidents, this is an exceptional and necessary tool to use. Pedestrian, bicycle, and motorcycle safety is important to your health.
How to Navigate Bicycle Accident Claims
For victims of a bicycle accident, the risk of serious injury is very high, thanks to the speed and movement of the vehicle and the lack of protection. When you are hurt, you may be able to hold the at-fault party accountable for any of the losses you have, which may include more than just your medical bills. Consider the following common components of a bicycle accident claim:
- Medical expenses from the accident, as well as any ongoing care you need
- Future medical expenses
- Lost wages if you miss work for a period of time
- Loss of earning capacity if you are not be able to work as you did before the accident
- Pain and suffering losses
- Emotional distress and mental anguish
- Loss of consortium
- Loss of quality of life
- Permanent disability and disfigurement
Calculate all of your losses as accurately as possible to ensure you are maximizing your claim. You also want to ensure you work with a bicycle accident lawyer who can guide you in seeking full compensation under the law for non-economic damages. A robust claim like this will allow you to recover damages fairly later when the court decides on your case.
Click to contact the Silver Dollar Financial Team today or Call +1(844)871-0628
Use Your Claim to Help You Secure Your Lawsuit Loan
For those who are facing a long road ahead, it may be beneficial to seek out a lawsuit loan, also known as pre-settlement funding, to help you pay for medical treatment after a bicycle accident. You can use your claim and your current details from your lawyer to help you apply for pre-settlement funding. To do so, consider the following steps:
- Request a loan quote from a lender. There is never a cost for you to pay upfront, and there is no risk to your credit score for applying.
- The lender will then seek out confirmation from your lawyer about the value of your claim and the strength of your case. This information determines your eligibility for a lawsuit loan.
- The lender then confirms the amount they can provide to you, which will range from 10% to 20% of the settlement value expected based on your attorney’s information. If you decide to move forward, the funds are sent to your account. You can use them to pay medical bills or meet other financial obligations.
- Once you receive the settlement from the lawsuit, the pre-settlement fund is paid off in full. You do not make payments before that, and you do not have to worry about carrying the debt long term.
- If, for any reason, you do not receive a settlement, you do not repay the loan.
This is a critical factor for many borrowers. It enables victims to access the money they need from a bicycle accident now to use for medical costs or other needs.
Yet, if you do not win your case, you do not owe anything to the lender with these types of funding, so you can pay for medical treatment after a bicycle accident.
Apply Now for Pre-Settlement Funding
Let Silver Dollar Financial Offer Help You
At Silver Dollar Financial, you can obtain the funds you need to pay your medical bills after a bicycle accident through pre-settlement funding. Apply online now. There is no risk to you in doing so. How to pay for medical treatment after a bicycle accident should not be difficult.
Call or text +1(844)871-0628 or Apply Now for Pre-Settlement Funding