Suffering an injury at home or at work can easily put your personal finances at risk. There are several methods you may be able to use to finance your injury and cover the related costs and expenses.
First, consider the nature of the incident in looking at how to finance your injury. If you were hurt on the job, you may be able to use Workman’s Compensation benefits to help you finance your injury. Contact your employer’s human resource department to inquire about Workman’s Compensation benefits.
In the event you were in an automobile accident, insurance may be able to help you pay the cost of your healing. Your own auto coverage or that of the other driver can sometimes help in covering related expenses to your injury.
You should also consider whether someone else may have been liable or responsible for the injury you have incurred. If that is the case, they may be held legally responsible for assisting with costs related to your injury. This is one way you can pay your hospital of doctor’s bills without worrying that you will bankrupt your own personal savings. You may need to obtain the assistance of an attorney to help you finance your injury if this is the case, and get ready for a long and drawn out battle – corporations (especially larger companies) do not easily pay out money without a fight, unless they are obviously guilty of gross negligence on their part.
It is also a good idea to check into various public support programs that may be able to help you in covering costs when you are injured. Such programs are sometimes available to individuals with low income and/or who have experienced a disability. In order to finance your injury with this method you will likely need to provide income documentation, as well as a diagnosis from your physician.