If someone caused your injury, you’re typically focused on the total amount of the settlement.
But here’s the kicker:
What is just as important is the amount that you’ll have to pay back for any first party benefits that you’ve received for accident related injuries.
“First party” means that you are an insured or member of a plan. You do not need to purchase first party benefits to be considered a plan member or an insured. You may be an insured if someone else purchased an insurance or health plan in which you are covered.[Read more…]