There are a couple of important things to know. First, it is the amount your insurance company actually paid that is a lien on your case. It is not the amount the hospital or your doctor billed for your revision. Often times those are very different values. Secondly, your lawyer should get those liens substantially reduced. Most people with Stryker Rejuvenate or ABG II cases have lawyers who operate on a contingency fee basis (they get a percentage of their settlement). The contingency fee generally ranges from 30% to 40%. The law in most states asserts if you have a recovery, and your insurance company is entitled to reimbursement for medical expenses, it is not fair you have to pay the fee necessary to get them their medical expenses back. Almost all insurance companies will agree to reduce their lien by the amount of the attorney’s fees. For instance, if you have a 30% contract with your attorney, usually the lien holder will reduce the lien by at least 30%. Sometimes, you can get further reductions. Especially, if you have a settlement on the low end of what you were expecting.
If you have a lien, it must be dealt with. Your attorney will be in contact with your insurance company or Medicare advising them of the settlement. The process entails getting your medical records and bills from the insurance company, and comparing it against the actual medical treatment to make sure everything is legitimate. Then there is a negotiation process where your attorney should seek to reduce the lien. The purpose is getting you as much money as possible.
For a PDF of the Stryker Settlement FAQs and answers, please click Kershaw|Talley Stryker FAQs to download the file.