Butler Viadro, LLP
Call now: Your first consultation is free
Local: 510-907-9577
Toll free: 888-353-2158
Comprehensive Legal Help After An Injury

Wage loss can be a greater threat than medical bills

If you or a family member has been injured or become sick, it probably comes as no surprise to you that the medical bills can set you back, as can the lost income from taking the time you need to recover. But the financial hit is not just limited to the time you are out of work. As reported in The New York Times, data now show that the economic impact of wage loss is a greater threat to economic security than medical bills themselves. For people who are in their fifties, being hospitalized correlates with a 20 percent decrease in income that lasts for more than six years.

 

Insurance helps, sort of

Having health insurance can defray the costs of mounting medical bills. But health insurance does nothing to pay for your lost wages if you are too injured, sick or disabled to work. Those who do return to work after an injury or an illness do not always return in their full capacity. Returning with reduced hours, or taking a lower paying job perpetuates the financial hardship.

Legal help can make a difference

Depending on the circumstances of your illness or injury, health insurance may not be your only lifeline to financial security. Workers’ compensation, Social Security Disability benefits, or a personal injury lawsuit can help to create a buffer against financial hardship when you need it most. It is important to arm yourself with the right legal information if you or a loved one has suffered a serious injury that threatens your financial well-being.

No Comments

Leave a comment
Comment Information

Start Your Recovery Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

email us for a response

Office Location

Butler Viadro, LLP
414 13th Street, 7th Floor
Oakland, CA 94612

Toll Free: 888-353-2158
Phone: 510-907-9577
Fax: 510-287-2401
Oakland Law Office Map