What You Need To Know About Virginia Med Pay
If you have been wondering what protections Virginia med pay affords you, or simply what it is- we have the answer.
Auto accidents are the leading cause of serious bodily injury in the United States today. Given the rising costs of health insurance, more and more people are injured who do not possess the financial resources to pay for their medical expenses. Even with health insurance, deductibles and co-payments can lead to a significant impact on your finances if you are involved in an auto accident. Fortunately, Virginia law mandates that auto insurance companies provide an additional service known as “Medical Payment Coverage” or “Med Pay” that is specifically targeted towards paying medical bills incurred as a result of a vehicular accident. Though many people wonder, “What is med pay?” not many actually get the answer- this is a deliberate ploy by the insurance companies because it’s an excellent deal for the customer and not very profitable for them.
Med Pay in Virginia
The law itself is pretty straightforward. Companies providing vehicle insurance have to offer medical payment plans for at least $2000. Individuals can choose to purchase more than this if they so desire. These plans are extremely broad in their coverage. It not only includes the person who buys it, but also their spouse and their immediate family. To add to that, it encompasses anyone who is in the vehicle at the time of injury as well.
This insurance will pay for all of your medical bills up to the insured amount including services such as chiropractic care. Depending on the circumstances, you can also be reimbursed for lost pay of up to $100 per week for a year if your injuries cause you to miss work. As you can see, this is an extremely good deal for those who do not want to take the risk of being bankrupted by an automobile accident due to expensive medical tests and treatments.
Medical payment coverage is also exempt from certain clauses requiring the insured person to intimate the insurance company of accidents as soon as possible. These regulations however do not in any way imply that insurance companies will willingly and quickly pay your bills for you. Complications can also arise if your regular health insurance provider pays your medical bills beforehand. Depending on whether or not federal law overrides state law in this regard, the amount you receive from Med Pay for your injuries may have to be reimbursed to the health insurance company. In most cases however, your attorney will be able to negotiate a settlement so that you don’t have to pay back all of it and in many cases you have to give nothing at all.
If you’re involved in an auto accident or if you want to protect yourself and your family from injuries resulting from one, you must definitely opt for medical payment coverage in Virginia. It will also be wise if you hire a Richmond personal injury attorney specializing in these matters. Many legal firms will include recovery of medical payment coverage in an auto accident case. Contact our Virginia personal injury law office at (804) 554-4444 to find out more.