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Potential Affects of Medicaid and Medicare In Your Injury Settlement

When you are injured you need medical treatment and the notion that you can jeopardize the money that pays for your injuries is not even a thought. However, if you are receiving Medicaid there’s no sure way to know what will happen to your insurance after your case settlement. There are some options that you should be aware of.

Due to the fact that Medicaid is provided medical insurance is free coverage for those who receive a low income or none at all, a personal injury settlement can stop them from deeming you eligible any longer. Also, Medicaid may want to reimbursed for your treatments that were covered by them.

In many cases a lien can be placed on an injury settlement to protect their rights to reimburse you. The reimbursement demand would be the money they paid from the date on your injury until your settlement was complete.

If a personal injury is not settled quickly the money Medicaid has paid out will continue to rise. The law entails that a lien is to be resolved following the payment of attorney fees and before the injured person is compensated. By law, the lien must be resolved after the attorney’s fees and expenses are paid, and before the settlement is paid to the injured person. Keep a record of what has been paid for medical treatments so that you are not paying more than you have to insurance.

Special Need Trusts will usually enable a person with a disability to continue to receive Medicaid. In order to qualify for SNT the disabled person must be under 65 years old. You can research SNT on the internet to understand what it entails and its benefits.

Due to the usual process an injury case consists of and the complications that can arise, it’s important to be contact with your attorney as to discuss your case and how to best handle questions that your insurance company may inquire about. If you receive any from and are not certain how to answer them, this must also be discussed with your lawyer.

Just as With Medicaid, the same pretty much applies to Medicare recipients also.  If you’re injured you should contact them immediately and tell them about it.

Your lawyer will have to contact Medicare when your case is settled and they will send all of the expenses to your lawyer for medical bills. Neither your nor your lawyer will be able to negotiate regarding their expected reimbursement. You have to reimburse Medicare for all medical expenses it paid for you. The federal law does not allow them to accept negotiations so trying is pointless.

Settlements aren’t always so black so you may want to contact Medicaid and Medicare regarding injuries and expenses right after it’s happened. Have them send you material about injuries and their detailed guidelines regarding them.

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