If you have been injured in an car accident and are no longer able to work, then you are probably wondering how you are going to cover all of your bills in the coming years. Luckily, there are quite a few tactics that you can use to ensure that you stay on top of your bills during this stressful time in your life.
Contact the Hospital Directly
Following an accident, the hospital statement could be one of the first bills that you receive in the mail. Even if you have world-class insurance, a debilitating injury could end up costing you huge sums of money. While every hospital is slightly different, many will make deals with patients who are struggling financially. In addition to lowering the bills, the hospital might also offer a payment plan that is much more manageable.
Explore Disability Benefits
Social Security Disability benefits could be exactly what you need to keep afloat while you figure out your long-term solutions. The process of applying for those benefits often seems complicated, but you should end up getting a large lump sum once you are approved. Recipients are often given back payments that help them cover any bills that are past due.
Speak With Your Lenders
Many people are surprised to hear that lenders are often willing to set up new payment plans if an individual has gone through a life-altering event, and that includes a debilitating accident. Directly contacting any company that you have a large loan with could ease your financial burden over the next few years. Those companies probably won’t absolve the debt, but they might work with you to come up with a better payment plan. You also have the option of taking a look at different lenders who offer lower monthly payments or better interest rates.
Consult With a Lawyer
While some of those tactics should help you for a short period of time, you are probably going to require larger compensation if you want to enjoy a happy and fulfilling life for years to come. A personal injury lawyer can go over your accident and come up with a case that gives you the best possible chance of receiving compensation. Many of those lawyers charge little or nothing up front, and that means you won’t have to make any payments until the case is closed.
Going through a major car accident can turn your life upside down, and the last thing that you want to think about is late payments and aggressive debt collectors. If your bills are starting to pile up, then it is time for you to come up with a long-term plan for your finances.