I’m here today to answer a question we received about health insurance subrogation. Many of you probably don’t even know what health insurance subrogation is, because it’s really something you’ll only deal with when you’re involved in an injury situation.
Health insurance subrogation means when you are injured in an accident and your insurance pays for the medical care, and then you get a recovery from an at-fault party, you are obligated to pay back your insurance.
The reason for this is when you sign up for health insurance, part of the contract that you sign requires that third-party funds be reimbursed. If you don’t do this, they can cancel your health insurance benefits, which obviously isn’t something anyone wants to go through. We all know how important it is to be covered for any sort of medical issues that you may have.
This means that when you settle a case, it’s very important that you get in touch with your health insurance company and let them know that the case has been settled, and then negotiate with them on what they need to be paid back.
The key word there is ‘negotiate,’ because they’re going to ask for what they want back, but it doesn’t necessarily mean that’s what they’re entitled to get back. For all our clients, we negotiate with their health insurance companies to avoid overpaying. It’s negotiable in the sense that, depending on the circumstance, you can get that number down very low in order to put as much money in the client’s pocket as possible.
If you’re in an accident-related injury and your health insurance has paid out for any of your medical bills, it’s very important to make sure you handle the subrogation once the case settles. If you don’t, it could greatly impact your health insurance moving forward in the future.
If you have any questions on this or anything else related to car accident situations, feel free to give us a call. It’s what we do every single day, and we’re always happy to help.