Category: Medical Debt
Medical debt: A growing burden in America
Medical debts can be immense, and even when you’re insured, you may find that they’re hard to overcome. How is that possible? Isn’t insurance supposed to keep you out of debt? That’s not always the way insurance policies work, and it’s not really fair for those who can’t afford their medical care and pay their
Can you negotiate hospital bills?
Hospital bills can be some of the most expensive, and they can be overwhelming for some people. Usually, hospital visits are accompanied by injuries or deaths along with missing work, so on top of receiving a large bill, you’ll also have less money in some cases. Medical care can be downright expensive, and just a
Medical debts account for large portion of American debt
Medical debt can be completely devastating to your finances, but one good thing about it is that through a bankruptcy, you can still discharge it. With changes in how medical insurance works in the United States, some have argued that they’re in more debt now than they used to be. Others claim the healthcare reform
Medical debts and how they affect your credit rating
Medical debts can affect your credit score, especially if you fall too far behind. Medical debts aren’t reported in the same was as other debts, though, so if you find yourself falling behind, you and your attorney may be able to slow down the reporting process and save your credit score by filing for bankruptcy
Get help with your medical bills with these tips
If you get hurt, the last thing you should have to think about is how you’re going to pay off all your medical bills. In many cases, if your injury is caused by someone else, you’ll be able to make a claim for compensation. When you aren’t able to make a claim, then you’re in
Why is my medical debt so high when I have health insurance?
With health insurance, you wouldn’t think that you’d be left with high debts for surgeries or other medical care. Unfortunately, health insurance policies aren’t all equal, and some come with high deductibles or low payout limits. It’s been estimated that around one in three people struggles with paying medical bills in the United States, and
Medical bills counted differently on new credit report scores
Imagine working your entire life to build up a solid credit score. You were preparing to buy a house or to get a new car when you suddenly faced a medical emergency. Now, your hospital bills have arrived and you’re trying to work out how to pay them or cover the debt. The next thing
Getting out of debt can start with bankruptcy
It’s easy to find yourself in debt, especially with how simple it can be to get a credit card. You’ve seen when you’ve received preapprovals in the mail or when your card limit was suddenly increased because of the amount of time you’ve been with the company. While those times may have seemed exciting once,
Affordable Care Act could be costly and doesn’t reduce past debts
Even through the Affordable Care Act was designed to provide affordable medical care to many Americans in need of insurance, it hasn’t fully eliminated the debts, co-pays and deductibles that medical insurance can still force you to accrue. For instance, 9.4 million fewer families have struggled to pay medical bills thanks to the Affordable Care
Errors may be quite common in medical bills
One thing that it is not uncommon for a person to face after having received significant medical care is a big medical bill. There are many things it can be important for a person to check when it comes to medical bills. For one, when a person receives a medical bill, checking the bill for