Medical Debt Relief

Medical Debt Relief

If your medical debt is passed on to a debt collection agency, the problem will be even worse and the people with whom you deal will go out of their way to make your life difficult. Regardless where you are in the medical debt process, you must be willing to speak up for yourself and do all you can to protect your financial well-being.

You should make sure the medical bills you are receiving are accurate. Make sure you review any statement you receive from a provider and ensure that all of the information is accurate. Don’t be surprised if you find a mistake – medical billing errors occur every day and many people end up paying money they do not owe because they were billed in error. Reviewing your bills ensures this doesn’t happen to you.

If you have health insurance coverage, it’s also a good idea to contact the insurance provider to ensure they are not responsible for any of the costs associated with your coverage. Before calling, make sure you know your limits, your co-insurance responsibility, and what your policy covers.

Medical Debt Relief Settlements

Many medical care providers are willing to negotiate with patients concerning their bills. They know it saves them time and money to arrange a payment plan or settlement with a patient, so many are reasonable when it comes to working with you.

Medical debt relief might also be available in the form of a settlement. Sometimes medical care providers are willing to accept a portion of your total bill, just to ensure they receive something. They know patients sometimes have to take drastic measures to deal with medical debts and this puts them at risk for receiving nothing from you.

Credit Cards and Long-term Savings

Using a credit card to pay for medical care can cost you a lot more in the long run, and can make your financial situation worse than had you just dealt directly with the medical care provider.

And using your savings as a means of medical debt relief can also cause more problems than it’s worth. The last thing you want is to have no retirement savings because you had to pay a medical bill.

If you’ve been lucky enough to set aside emergency savings intended for unexpected medical issues, by all means use that. But pulling from your retirement accounts to deal with medical debt can leave you in a serious bind later in life.

We Can Help Resolve Medical Debt

The idea of handling massive medical debt when you are also dealing with health issues can be overwhelming. It’s even possible to experience a medical setback if you allow the stress and anxiety of your medical debt affect you too much.

One of the best things you can do is to call on a professional who can help you with medical debt relief. Whether this is arranging a payment plan, negotiating a settlement, or taking measures to eliminate the debt all together through Bankruptcy, a professional can handle the financial aspect of medical issues while you focus on healing from your illness or injury.

Many people opt for bankruptcy when they are dealing with medical debt. Bankruptcy offers medical debt relief by creating a repayment plan or eliminating the debt completely. In addition to the medical debt, bankruptcy also makes it possible to get other debt under control. It’s one of the best options available if debt has created a desperate situation that puts you at risk for losing your home or other assets.

We’ve worked with many people who are in need of medical debt relief. We’ve made it possible for them to negotiating a plan to repay their debt or to eliminate their debt and make a fresh start. We understand how difficult it is to deal with medical bills, especially during times when your focus should be elsewhere. To learn more or to speak to someone about medical debt relief, contact us at 1.800.220.4318.

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