What Is Pre-Settlement Funding?
Pre-settlement funding, also known as a lawsuit advance, is a cash advance given to plaintiffs waiting for their legal case to settle. It is not a loan, which means you don’t have to make monthly payments or worry about repayment if you lose your case. Instead, the funding company gets paid directly from your settlement once your case is resolved.
Covering Surgery Costs with Pre-Settlement Funding
Serious injuries often require surgery, which can be expensive. Even with health insurance, out-of-pocket costs like deductibles and co-pays can add up. Pre-settlement funding can help by providing money upfront to cover these costs, allowing you to get the necessary treatment without delays.
Common Surgeries Covered
Pre-settlement funding can help pay for a variety of surgeries related to personal injury cases, including:
- Orthopedic surgery – Procedures for broken bones, joint injuries, and spinal injuries.
- Neurosurgery – Brain or spinal cord surgeries required due to trauma.
- Plastic surgery – Corrective procedures for scarring or burns caused by accidents.
- Internal surgery – Operations to repair internal organ damage.
Getting the treatment you need as soon as possible can improve recovery and increase your chances of receiving fair compensation in your lawsuit.
Paying for Ongoing Medical Treatment
Beyond surgery, many injury victims require ongoing medical care. This may include:
- Physical therapy – Helps restore mobility and strength.
- Medications – Pain management and other prescriptions.
- Doctor visits – Regular check-ups and follow-up appointments.
- Assistive devices – Wheelchairs, braces, or prosthetics.
Pre-settlement funding ensures that you can continue receiving necessary medical care without financial strain.
Avoiding Financial Stress While Recovering
In addition to medical expenses, many people struggle with lost income after an injury. If you’re unable to work, paying rent, utilities, and other bills can become difficult. Pre-settlement funding can provide financial relief for:
- Household expenses – Rent, mortgage, and utility bills.
- Daily living costs – Groceries, transportation, and childcare.
- Other debts – Credit card payments and car loans.
By easing financial burdens, pre-settlement funding allows you to focus on healing instead of worrying about money.
How to Apply for Pre-Settlement Funding?
Applying for pre-settlement funding is simple and fast. Here’s how the process works:
- Consult your attorney – Discuss your case and need for funding.
- Submit an application – Provide case details to the funding company.
- Case evaluation – The funding company reviews your claim with your attorney.
- Receive funds – If approved, you get the money within 24-48 hours.
Since repayment is the only required if you’ll win your case, there’s no risk involved in applying for pre-settlement funding.
Final Thoughts
Medical treatment after an accident shouldn’t be delayed due to financial hardship. Pre-settlement funding offers a way to cover surgery and treatment costs while waiting for your lawsuit settlement. If you’re struggling with medical bills and living expenses, this option can provide the support you need to recover stress-free.