Colorado is a “Tort” state. How does billing work with Motor Vehicle Accidents?
Option 1: PIP/No Fault Insurance Purchased By 07/01/2003. • Personal protection insurance or PIP pays for your medical expenses and losses. It also covers family members who are passengers in your vehicle. • The patient would get PIP benefits under their insurance policy, even if the treatment occurs after July 1, 2003. The PIP carrier is bound to uphold the insurance contract in effect on the date of the accident, regardless of the new statute. The right to PIP benefits would continue for 10 years from the date of the accident. Option 2: Colorado Tort”pure tort” policy purchased after 07/01/03. • Medical Payment coverage is purchased under your own auto insurance policy • MEDPAY” Medical Payment Coverage is designed to cover the medical costs no matter who was “at fault” in an auto accident. Option 3: Health Insurance Coverage. • For those who are injured after July 1, 2003, once they have exhausted their “MEDPAY”, “PIP” or don’t have “MEDPAY” under their auto insurance. • Billings un
