How Do You Get Paid After a Car Accident Settlement in Massachusetts?
If you have been injured in a car crash, you understand how overwhelming it could be to deal with recovery, pain, insurance companies, and property repair especially when another party is responsible for your accident. When another party is responsible for an accident, they may be required to pay the victim compensation.
Consult with a knowledgeable car accident attorney to learn about how you may be eligible to recover compensation. They could help you understand the nuances of receiving a Boston car accident settlement.
Length of Time To Receive a Settlement
Once a settlement is agreed to and the release is signed, the settlement check is issued and received by the injured person’s attorney within 7 to 14 days.
Sometimes that might be delayed if, for example, there is a potential that Medicare may have paid for some related medical treatment and would have to be reimbursed. Medicare has gotten better in recent times than they have been as far as their turnaround and responding to requests for conditional payment letters and final payment demands.
Generally, receiving a Boston car accident settlement can take 30 to 60 days whereas, before, it would take months. In some instances, if Medicare is involved and they have to check to see if they paid anything and they make a final payment demand, it could take up to 60 days. Individuals should speak to an experienced car accident attorney to discuss the possibility of recovering a settlement.
How Can The Process Be Expedited?
One way the process of receiving a Boston car accident settlement can be expedited is to notify any potential lienholders, such as MassHealth, private health insurance, or Medicare, and notify them early before a settlement is reached while parties are negotiating, so they create a file and open up the claim.
Then, once the parties have reached a final settlement, they are dealing with a potential lienholder that already has most of their investigation done. It is a matter of just updating to see if they have paid any additional benefits that would be included in the lien and then they can reach a final determination. Every amount that the lien is reduced is more money that the injured person will receive in their net recovery.
The steps an individual can take to ensure they receive their settlement in a timely manner is to put everybody on notice that they might potentially have a lien or that the insurance company would need to confirm that they don’t have a lien. They will need to notify them early and be in touch with them to give them all the documentation they need, to determine whether or not they have a lien. Speak to a seasoned attorney to learn about the factors that could affect the settlement process.
How a Boston Car Accident Attorney Could Help
Boston car accident attorneys can help to make sure that all of the different health insurance companies and medical providers are put on notice early. An attorney serves as a contact, a go-to person to try and negotiate either medical bill reductions or lien reductions, or provide the stakeholders with the documentation to determine that there is no lien.
Speak to a skilled attorney today to learn about the ins and outs of receiving a Boston car accident settlement.