Commitment Precision & Results - Jacksonville, Florida

What are Collateral Sources and Liens?

“Collateral sources” are sources of payment for bills or lost wages which may be entitled to reimbursement. For instance, if you have $12,000 in medical bills, and if $9,000 had been paid by your health insurance carrier, then that carrier may have a “lien” on your claim for that amount. This means that your carrier has the right to be reimbursed out of your claim for the amount of benefits provided to you. These concepts are very important to understand when considering whether to settle your claim. It does not matter that you “get” a $50,000 settlement if you only will take home $1,000 after attorney’s fees, costs, and liens are paid. Discuss these issues fully with your lawyer within the context of your case.

Our Location

444 E. Duval Street
Jacksonville, FL 32202

Phone: (904) 446-9817
Facsimile: (904) 446-9825
Toll Free: (800) 913-6646