These cases are very common--for those of us who handle motor vehicle accidents. If there is medical payments coverage on the policy insuring the vehicle in which you were riding , that would be the primary coverage for your medical bills. Sounds like you need new counsel. Good luck
If you have no substantial assets, the person will likely settle within or for the policy limit (depending on how much his case is really worth). In the future, if you can afford greater coverage, you should carry a larger policy.
Sorry for your loss. Consult a local lawyer. If the other driver was negligent, his insurance will be on the hook. But $50k may be the policy limit, if so, there may be no point to going to court, because that's all they're going to pay. Unfortunately, the only way to protect yourself from being injured by people with little or no insurance is to carry a good policy yourself.
You don't need to settle for small claims court and your insurance doesn't need to do it for you. Use the "find a lawyer" tab on this site to find a new personal injury lawyer near you who can help you. Good luck