No one anticipates a major accident, but an accident can happen to anyone. Figuring out how to make it financially after an accident can be a huge challenge, but there are options available to help you on your way. Here are a few things that you should take into consideration to stay financially secure after a major accident.
Disability Insurance
Disability insurance, whether from private sources or through social security can make a huge difference for your financial security after an accident. Sometimes an accident can greatly alter your ability to work or the level to which you can perform your job and disability insurance can help you to make up the difference. Some insurances provide temporary help for short-term disability while others provide long-term help for debilitating injuries. Depending on your circumstance you will need to choose which kind of disability insurance makes the most sense for your needs.
Lawsuit Settlements
If anyone else was involved in your accident or it took place on a person or business’s property, you may be able to file a lawsuit to help you financially. A lawyer can help you to put together a case and give you the help you need to be successful. Filing promptly can ensure that your case is heard, and your lawyer can help you to decide whether a settlement is worthwhile in your situation. Settlements can cover a wide range of personal injury cases. In a lawsuit, you can get funding to cover medical expenses and to help you with your day-to-day life.
Apply for Medical Financial Aid
In many cases, there is financial aid available for people who cannot afford to pay their medical bills. If your accident led to major medical expenses that you can’t cover on your own, it may be worth it to apply for financial aid. This type of aid is available through hospitals and doctor’s offices in addition to private funding. By applying for financial assistance, you can get help with your medical bills beyond what your insurance was able to cover.
No matter how your accident occurred, it can have a profound effect on your life and your finances. Doing your best to find financial security after an accident can help you to live your life more fully, even if it is different than expected. Take advantage of available resources to ensure you are taken care of.
For more help with your finances, schedule an appointment to meet with Mike!
