| How to Use No Fault Insurance for Medical Bills |
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| Written by Asif L Shaikh |
| Thursday, 14 April 2011 12:59 |
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Plenty of people think that a no fault insurance policy will pay for all of their injury damages, no matter who was at fault for their auto accident. But unfortunately, it isn't really true. A no fault insurance policy is only to pay for your injuries up to your policy limit. Because of this you may be required to pay for the remaining cost through your own pocket. Considering the expensive cost of medical procedures, this may be a very expensive problem for most of us.
Plenty of people think that a no fault insurance policy will pay for all of their injury damages, no matter who was at fault for their auto accident. But unfortunately, it isn't really true. A no fault insurance policy is only to pay for your injuries up to your policy limit. Because of this you may be required to pay for the remaining cost through your own pocket. Considering the expensive cost of medical procedures, this may be a very expensive problem for most of us. Luckily, every no fault state will permit the car driver to be compensated for their injuries by starting an auto insurance claim. At the same time, before beginning your insurance claim, you will have to first meet your state's requirements. Requirements to Begin With Auto insurance Claims in No-Fault States Every no fault state has somewhat different requirements to begin a car accident injury claim. A number of states will have a "cash threshold". Which indicates that to be able to launch a claim, the expense of taking care of your injuries need to surpass a selected cash amount. Other no fault states have an "injury threshold". Consequently , you could start an injury claim as long as your injuries are "serious". Every no fault state has a slightly different specification of what it considers a "absolutely serious" injury. Several states have both an injury and cash threshold. Which means that if you cross one threshold, either the cash or injury, you could start your injury claim. Example Massachusetts is a no fault state that has both a cash and injury threshold. The cash threshold for Massachusetts is $500. Which means that in order for you to file an insurance claim, your finished medical bills must be above $500. Or else you will have to pay for the costs out of your own pocket. To see if you have reached your state's cash threshold, you'll want to calculate all your medical fees after the vehicle accident. This includes: *Ambulance Costs *Hospital Bills *Clinic Cost *Doctor's Visit Lab and Testing Service fees *Physical therapy Since Massachusetts also has an injury threshold, it is very important have a look at what the state considers a "serious injury". Most no fault state's evaluate the following injuries as being "serious": *Injuries that are prolonged or result in serious disfigurement *Broken bones *Injuries that cause severe loss of hearing or eye sight If your injuries fall in your state's "severe" category, you'll be able to start your auto insurance claim to receive your personal injury settlements. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Learn more about insurance claims and getting money for injuries |