Be mindful of health insurance reimbursement rights

VIDEO TRANSCRIPT:

Hello everyone. This is Robert Mansour. In today's video I want talk about your health insurance company's right to reimbursement. Now I'm not going to get into all the different nuisances and details of this particular subject but here's the short thing I want you to remember. If your health insurance company pays for medical bills related to a car accident, they are probably entitled to reimbursement if you recover money from the responsible party.

Let's say this fellow Bob hits me and causes an accident. My health insurance company pays for my medical bills, my hospital bill, my ambulance bill, et cetera. Let's say my health insurance company paid out $5,000 for that. Well, in most cases your health insurance company has a right to reimbursement of that $5,000 if I recover any money from Bob and Bob's insurance company.

Let's say I call Bob and I say "Hey, Bob. You caused an accident. I want you to pay me." He says okay or his insurance companies pays me $5,000 or whatever, I have to make sure that from that settlement I pay back my health insurance company. This is a big mistake that people are not aware of and they don't realize that they have that reimbursement issue to deal with in many cases.

 If your health insurance company is involved in your personal injury case, find out how much they paid not how much they were billed but how much they actually paid. Find out if they have a right to reimbursement and if so what their lean amount is. Then you want to make sure that that lean is satisfied and taken care of as part of the settlement of your personal injury case.

Thank you very much for watching this video. I hope you found it helpful.