What is a letter of protection for medical bills?

Full question:

WHAT IS THE LAW CONCERNING A LETTER OF PROTECTION THAT I MAY PRESENT A DEBTORS ATTORNEY FOR A MEDICAL BILL?

Answer:

A letter of protection is a request for a healthcare provider to treat an injured patient and defer payment until a settlement or judgment is reached. If the provider accepts this letter, they will receive payment from any settlement or judgment awarded. However, the patient remains responsible for the medical bills if the case does not result in a favorable outcome.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

A closing protection letter is typically provided by a title insurance company. It serves to protect parties involved in a real estate transaction from potential losses due to fraud or errors in the closing process. The letter guarantees that the title company will cover certain risks associated with the closing, ensuring that funds are handled properly.