My health insurance paid my bills in an auto insurnace. The other party’s auto insurance is ready to settle but is willing pay the ‘negotiated rate/adjusted rate’ that my health insurance paid for and not the invoiced rate.
Ex. The actual MRI was billed at $1700 but the negotiated rate my health insurance paid was $400
Secondly, they are paying only 80% of lost wage
They are saying that this legally true citing House Bill 4.
Is this true?
I was under the impression, that they need to pay the total medical expenses (not the negotiated rate) and the total lost wage (not the 80% crap) plus pain and suffering
Please help and guide me
Thanks!
Is it a law to pay 80% of lost wage?
How much would be an appropriate Pain and suffering offer, if the special damages (medical and lost pay) is $6200
Because I pay a premium to my health insurance , we get a discounted rate – would the other party pay more considering I pay a premium every month to get the discounted medical rate?
I live in Texas, is there any specific law for texas?