The spinal cord is a bundle of nerves that runs down the middle of your back, carrying signals back and forth between your entire body and brain. When you injure your spinal cord, it disrupts these important signals.
There are two categories of spinal cord injury, complete and incomplete. A complete spinal cord injury results when the cord can no longer send signals below the level of the injury and causes complete paralysis below that injury. An incomplete spinal cord injury results when there is still some movement and sensation below the site of injury.
Regardless of what type of spinal cord injury you have suffered in an accident, it will no doubt significantly impact all aspects of your life and the lives of your loved ones. One of the most significant impacts is on your financial life. Below are five basic steps you can take to reduce post spinal cord injury financial anxiety:
- Get organized. The organization is key in not becoming financially overwhelmed after dealing with such a traumatic and life altering injury. You should locate and safely store all of your important financial and legal documents, prioritize your bills, and maintain accurate records of your financial obligations.
- Seek help. When you have financial help and the support of your loved ones, dealing with a spinal cord injury can be more bearable.
- Tap into all sources of medical coverage. You should consider all of your options for paying for your expensive medical expenses, including your health insurance, VA benefits, auto insurance, workers’ compensation, etc.
- Try to keep your health insurance. One of the most important bills you should pay if you are suffering from a spinal cord injury is your health insurance premium. In most cases, if you miss more than one payment, you may be denied coverage for up to one year in your next group plan.
- COBRA may be an option. If you no longer have health insurance through your employer for reasons other than gross misconduct or your work hours getting reduced below the qualification level, you may qualify for COBRA.
One of the most important tips to consider in reducing your financial anxiety after suffering a spinal cord injury caused by another party is to determine whether you are entitled to compensation by the negligent party’s insurance carrier. If you are, you may qualify for compensation for your:
- Past and future medical bills
- Loss of wages
- Loss of future earning capacity
- Pain and suffering
- Other out of pocket expenses
Call an Experienced Orange County Spinal Cord Injury Attorney
The legal team at the Law Offices of Samer Habbas is dedicated to helping our spinal cord injury clients reach the best monetary settlements.
If you or a loved one has any questions about your spinal cord injury claim, our experienced Orange County spinal cord injury attorneys are available to personally review your case. Call us at 1-888-848-5048 to schedule a free, complimentary consultation with our legal team today.