California Personal Injury Lawyers Serving Oakland, San Francisco,and San Jose, California California Personal Injury Lawyers Serving Oakland, San Francisco,and San Jose, California
 

800-928-1511

California Personal Injury Lawyers Serving Oakland, San Francisco,and San Jose, California

Michael Padway & Associates Personal Injury Lawyers
Serving Oakland, San Francisco, San Jose, Los Angeles & Ontario, California.
Also serving
Washington, D.C.

FUNDING ISSUES FOR PERSONAL INJURIES

You will have to deal with major financial decisions in connection with your injury. For serious personal injuries, the amount at stake may be the largest amount of money you will ever deal with in your life. Funding a major injury is expensive, complicated, and frustrating. Here is a very abbreviated place to start:

How do I pay for legal assistance?
What if I don’t have enough medical coverage?
Why is choosing an experienced injury lawyer so important?
How does Michael Padway & Associates get involved with my financial needs?
Where can I find information on Social Security Disability?
How can I find out if I am eligible for Medicare Assistance?
If I was injured on the job, am I eligible for worker’s compensation?
What’s the best way to handle the insurance companies?


How do I pay for legal assistance?

Lawyers who handle Personal Injury claims are usually paid by contingency fee - this is a percentage of the amount that is successfully recovered for the client. If there is no recovery, the personal injury lawyer does not get paid. The lawyer will usually also advance the costs of your case. This can be a very significant amount of money, because experts, court reporters, investigators, and others who help advance your case must be paid.

The Financial Planning Association may be able to help you organize your finances: Financial Planning Association

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What if I don’t have enough medical coverage for my personal injuries?

Very few people have enough medical coverage to handle a lifelong injury. You can exhaust even a good medical plan in the first year. There are many different ways to help fund your hospital, therapy and medical bills. How you fund your medical expenses can have a dramatic effect at the end of your case, because many medical plans, Medicare, Worker’s Compensation, and many county and state medical care payors require you to pay them back when you get a settlement. Michael Padway & Associates personal injury lawyers will deal with insurance companies and the defendant’s lawyers to get you the money you need. We understand the problems that you face if you have to pay for your early medical care from your settlement.

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Why is choosing an experienced personal injury lawyer so important?

When the injuries are truly catastrophic, the settlement offer may seem initially like a large amount of money. In fact, it often is. The question becomes, how does this offer compare to the value of my case? Is this an amount that I should gamble against the result in a jury trial? What will be left after fees, costs, and lien claims? Did your personal injury lawyer understand all of the nuances of your injury and present them properly? How can a personal injury lawyer do that if they don’t have experience with these types of cases? Was your case presented with understanding of your specific situation and its effect? A settlement may cut off your right to benefits you are receiving, such as Medicare. After settlement, you may not qualify. Does your personal injury lawyer know how to deal with this problem? [You may want to discuss a “special needs trust” that puts the settlement into a trust that won’t disqualify you under Medicare formulas].

One option for settlement of a large case is a "structured settlement" providing payments over a lifetime. These can present issues in negotiation and evaluation, because there are so many factors that can influence the value of what you are getting. Even the strength of the insurance carrier making the payments is a
factor, the inflation factor on the payments can make a big difference, and the lump sum payments can have very different values depending on when they are paid. Michael Padway & Associates personal injury lawyers understand the issues, and have been through the process many times.

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How does Michael Padway & Associates get involved with my financial needs?

Litigating a major personal injury case involves more responsiveness and understanding of the client's needs than other cases. It involves far more involvement in the life and medical care of our clients. The level of commitment is much higher. More trust is required, and many hours are spent assessing our client’s present and future needs. This is a difficult, but personally rewarding area of personal injury work, and it is a kind of work that we have long enjoyed helping with.

Read about the Importance of your Life Care Plan at Michael Padway & Associates

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Where can I find information on Social Security Disability?


United States Social Security Administration Office of Disability-Disability Programs
Windsor Park Building
6401 Security Blvd
Baltimore, MD 21235
email: webmaster@ssa.gov
phone: 800.772.1213
www.ssa.gov/disability

You will find information on this web page about two programs that pay benefits to people with disabilities: Social Security Disability Insurance and Supplemental Security Income. It also provides information on how to apply for benefits, how to obtain forms, how to obtain benefits publications, and how to contact Social Security Online.

If you have a touch tone phone, recorded information and services are available 24 hours a day, including weekends and holidays.

Persons who are deaf or hard of hearing may call the toll-free TTY number at 1-800-325-0778 between 7 AM and 7 PM, Monday through Friday.

Disability Benefits: A Social Security Administration Online Publication (Download): http://www.ssa.gov/pubs/10029.html

Read this online booklet if you want to know more about disability benefits that are available from Social Security. Specifically, it describes who is eligible for benefits, how to apply, and what you need to know. This and other publications are available online or in booklet form by contacting the Social Security Administration. Most of the publications are also available in Spanish.

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How can I find out if I am eligible for Medicare Assistance?

The Centers for Medicare & Medicaid Services (CMS) administers Medicare, which provides health insurance for 39 million Americans. Medicare is a Health Insurance Program for people 65 years of age, some persons with disabilities who are under 65 years of age, and persons with end-stage kidney disease.

Centers for Medicare & Medicaid Services (CMS)
1-800-MEDICARE
1-800-633-4227
1-877-486-2948
www.medicare.gov

This site will help you find the following information:

  • Basics (Who is eligible, how to join, what are the benefits, how to file a claim, and to change your address)
  • Participating physicians (find local physicians who will accept Medicare reimbursement)
  • Publications (View, order, or download Medicare publications)
  • Helpful contacts (Phone numbers and web sites)
  • Prescription Drug Assistance Programs (Includes programs that provide discounts or free medications)
  • Nursing homes (How to compare local nursing homes)
  • Personal Plan Finder (How to compare various health plans in your area)
  • Dialysis Facility Compare
  • Supplier Directory (How to find Medicare suppliers in your area)
  • Medigap Compare (How to find supplemental insurance policies to cover expenses not covered by Medicare)

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If I was injured on the job, am I eligible for worker’s compensation?

We recommend that you are represented by a specialized Worker’s Compensation Attorney, but it is always a good idea to be informed.

For general information on the government’s policies on worker’s compensation, visit the following website:
U.S. Department of Labor: Office of Workers Compensation Programs

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What’s the best way to handle the insurance companies?

For a minor injury case, you may be just as well off handling the matter with a little guidance to avoid a mistake. However, the more money that is involved, the more incentive the insurance company has to deny your claim, or even just to stall. When the money involved becomes particularly large, the insurance companies virtually never pay without an lawyer. The best way to handle an insurance company, especially in a good case, is to immediately find a personal injury lawyer who is properly suited to handling your specific case.

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If you or a loved one has been injured, call the California personal injury lawyers of Michael Padway & Associates at 415-777-1511, or fill out this online contact form. Meet with us and find out how we can help you start rebuilding your life and get you a fair settlement for your injury. Serving Oakland, San Francisco, San Jose, Los Angeles & Ontario, California. Also serving Washington, D.C.

Michael Padway & Associates
595 Market Street, Ste 2520
San Francisco, CA 94105

415-777-1511
800-928-1511

 

 

The information provided in this website for Michael Padway & Associates, San Francisco California Personal Injury Lawyers, including the references to auto accidents, brain injuries, burn victims, medical malpractice, nursing home abuse, personal injuries, product defects and liability, spinal cord injuries and wrongful death should not be taken as formal legal advice. The results for your personal injury case will depend upon the facts of your case. To talk about your case with a personal injury attorney in the Oakland, San Francisco and San Jose, California area call 1-800-928-1511.