Category: Medical Debt
Progress on paying down medical debt falters
Medical debts weigh down many American families, and reports have foreshadowed a growing number of people will be unable or struggle to pay their bills. According to a Jan. 25 report, employers are pushing workers into high-deductible health plans, and out-of-pocket costs are rising. That means that individuals who get hurt or need medical care
Medical bills: Surprise bills are not uncommon for patients
When you suddenly have a health concern, one of the last things you’re going to worry about is how much it’s going to cost. There’s no price that you can put on your health or well-being. That being said, medical bills can still take a toll on your finances. In many cases, people in the
Hospitals versus patients: Negotiations can and do happen
Receiving a medical bill in the mail can be traumatic, as staying just a few nights in the hospital can lead to hundreds or thousands of dollars in debt. If you receive a bill that is exorbitantly high, what recourse do you have? The first option to consider is negotiating. With the internet, it’s possible
Credit counseling: Requirements for bankruptcy
If you decide to declare Chapter 7 or 13 bankruptcy, it’s a major decision that you are making for your financial welfare. It’s possible that this is the best way to move forward to tackle your debt and get into a better financial spot, particularly if you don’t think that you could pay off your
High patient costs can lead to injuries and skimping on care
With more patients having to pay for costly health insurance, financial responsibility has grown in the United States. This responsibility can hinder positive outcomes for patients. Why? They may have to skimp on their health care, because they may not have the finances needed to pay for expensive procedures or medical visits. An Oct. 11
You can protect yourself against unfair debts and charges
When you have a medical procedure, the expense can be extreme. You may find that you have thousands of dollars in debt from one single procedure that your insurance didn’t cover or that you didn’t have insurance for. While you may pay your bill on time, that doesn’t mean that you are protected against damage
Changing medical debt’s impact on credit scores helps Americans
If you’ve struggled with your credit score or been confused about it in the past, you should know that the model is changing for the better. Credit scores are starting to evolve, and the latest model is looking at medical debt and starting to reduce its impact on your credit. If you’ve previously considered bankruptcy
Medical bills: When the costs are too high to pay
If you can’t afford your medical bills, what can you do to make sure you don’t end up drowning in debt or having your accounts go to collections? There are several steps to take. First, remember to look at the bills. They may be high, and you may not want to look, but you need
Surprise medical bill? You aren’t alone
When you’re in a collision, get hurt or maybe you just have an illness that requires ongoing care, surprise medical bills can be devastating to your pocketbook. It’s no secret that medical debt plagues many people in America, and if you’ve had a surprise bill, you may be worried about how you can handle that
How can I pay down my medical debts?
Medical bills can be sudden; you may have suffered a medical emergency or had a child who needed an operation. Whatever the cause, if you can’t afford your medical bills, it’s important to reach out before the debts get out of hand. What can you do if you have medical bills that are just too