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Car accident victims can lose insurance coverage

For those in Alaska who have suffered spinal cord injuries, their lives and those of their loved ones may be forever altered. In some cases, health insurance will assist in covering the costs of necessary medical care associated with an injury. In some cases, however, insurance coverage is discontinued after a spinal cord injury has taken place, leaving a patient and family left to foot the bill for any additional medical services. The result can be financial devastation, which may lead many to file for bankruptcy in the years following a car accident or other form of trauma.

Stanford University recently conducted research to determine the rates of insurance loss for patients who had suffered spinal cord injuries. Data was collected for the time frame between 2006 and 2010. The group studied consisted of individuals who had private insurance coverage. When the researchers looked at the rates at which individuals experienced discontinuations of insurance coverage, it was noted that those patients who had sustained spinal cord injuries lost their coverage at higher rates than those who had experienced other forms of significant injury. Furthermore, the patients with spinal cord injuries lost their insurance at far higher rates than individuals who had not had any forms of injury.

This is a significant finding for patients and their families, as it suggests that experiencing a serious spinal cord injury comes with an elevated risk of losing insurance coverage. Without proper levels of coverage, patients and their families can face devastating financial problems, up to and including bankruptcy. Even worse, losing insurance limits the types of treatments available to most patients.

For those in Alaska who have been involved in a serious car accident and have suffered resulting spinal cord injuries, the research mentioned here should serve as a warning of the risk of losing insurance coverage. In order to offset the risk of lost coverage, victims and their families may want to consider filing personal injury lawsuits in attempts to recover damages associated with the incidents. Doing so can the preserve the continuation of necessary medical care and help prevent financial trauma.

Source: insurancenewsnet.com, "Findings from Stanford University Provides New Data about Spinal Cord Injuries (Adding Insult to Injury: Discontinuous Insurance Following Spine Trauma)", Feb. 20, 2015

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