What does “arbitration” mean?

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What does “arbitration” mean?

Who covers medical bills once the insurance company cut you from your benefits? Is that money ultimately deducted from settlement money?

Asked on September 25, 2015 under Accident Law, New York

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

1 Arbitration is a an alternate way to resolve disputes. It is similar to a trial, but is not in court or before a judge, and has simpler rules. It is binding, though, like a trial.
2 After your medical benefits are done, you must pay the medical bills. You can't put the bills "on credit" so to speak, to then have them later paid out of your settlement or rather, you have no right to do this I suppose it's not impossible that a doctor may agree to it. Instead, even if you are expecting a large settlement in the future, you'd have to cover any bills that come due in the meantime.


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