- Oct 19, 2000
- 17,860
- 4
- 81
My wife was in a pretty bad car accident last year, and racked up a pretty hefty sum in hospital bills (around $80k-$100k total). Our health insurance covered a great deal of it, although a much lower rate than if we would have had to pay out of pocket. Now that we've completed our settlement case against the at-fault insurance company, our health insurance gets to subrogate and take over a 3rd of our settlement to get back what they paid in. Considering the lawyer gets almost a 3rd cut as well, we barely made out with more money than the lawyer and subrogation. Had the lawyer not actually reduced his fee from the standard 33.3%, both parties would have gotten more than we got, and it's my wife who has the life-long injury to deal with for the next 40 or 50 years.
Why is it that I pay for health coverage out of every single check, and I FINALLY have to use it, only for the health insurance company be able to claim they are owed money back just because my wife and I got a settlement out of it? It's complete bullshit. Not only do they pay MUCH less to the hospital than what I would have had to pay had I not had insurance (the hospital wouldn't have let me pay half of the bill and walk away), but then they get their money back from what is supposed to help my wife and I cope with future complications. I should be able to ask for a significant portion of my premiums back if I don't use my coverage at the end of the year, that's only fair, right?
One thing I've learned over the past year, and this is a HUGE FYI to everyone reading this, if you don't have underinsured coverage on your own auto policy, get it. For the love of god, get it, even if it's an extra $10/month. Underinsured will give you access to more money from your own insurance if the at-fault insurance isn't covered for enough. Don't just sign up for insurance and get the lowest payment possible. Unfortunately, I was never properly taught to respect insurance and not to fuck around with it. In my case, it takes something like this to teach me.
/rant
Why is it that I pay for health coverage out of every single check, and I FINALLY have to use it, only for the health insurance company be able to claim they are owed money back just because my wife and I got a settlement out of it? It's complete bullshit. Not only do they pay MUCH less to the hospital than what I would have had to pay had I not had insurance (the hospital wouldn't have let me pay half of the bill and walk away), but then they get their money back from what is supposed to help my wife and I cope with future complications. I should be able to ask for a significant portion of my premiums back if I don't use my coverage at the end of the year, that's only fair, right?
One thing I've learned over the past year, and this is a HUGE FYI to everyone reading this, if you don't have underinsured coverage on your own auto policy, get it. For the love of god, get it, even if it's an extra $10/month. Underinsured will give you access to more money from your own insurance if the at-fault insurance isn't covered for enough. Don't just sign up for insurance and get the lowest payment possible. Unfortunately, I was never properly taught to respect insurance and not to fuck around with it. In my case, it takes something like this to teach me.
/rant