DEALING WITH MEDICAL BILLS
Did you know that medical bills are one of the top
causes for people
filing bankruptcy. Individuals that have health insurance
coverage can still be faced with expensive medical bills calling for
out-of-pocket payments as a result of not all doctors accepting all
insurance plans and/or insurance companies not covering every
medical procedure. If you find yourself owing a hospital or doctor,
try and set-up a payment plan with them to avoid having to pay the
total balance in one lump sum.
If you do not pay your medical bills, these
outstanding debts are going to be handed over a
debt collector that will flex some muscle and get you to pay, or
report this negative activity to the credit bureaus. As soon as a
debt collection is reflective on your credit report, it is going to
be present there for seven years, even after you are able to pay
that debt off.
It is also possible to be sued by a hospital or
debt collector for unpaid medical bills. If a lawsuit is bought
against you, and you lose, you will be ordered by the courts to pay
these medical bills, likely via garnishment of your wages.
If you are having problems paying your medical bills, you can
attempt to get help from one of the available resources listed
Apply for a Personal Loan
We have a variety of unsecured loan programs that are designed
to help individuals get rid of their debt, including loans for paying medical bills.
We will provide with you enough financing so that you can pay off
all your debts at one time. Or you can
It is very common for the billing department of a hospital to create
a payment plan for your unpaid medical bills. Therefore it is
important that you communicate with them and let them know that you
are having issues. Don't just ignore the bills and run the risk of
having these unpaid debts fall into collection, or even worse having
a lawsuit bought against you.
You should also ask the billing hospital if they have any sort of
forgiveness programs that allow some or all of your medical debt
to be eliminated as a result of you not being able to pay.
Even if you are not enrolled in either of these two government
offered health insurance programs at the time of service, you still
may be able to utilize them for your debt. If you are qualified for
either, you have to submit your request to enroll within three
months from the date when the medical service was received. If you
are successful, you can have all of or most of those debts paid by
Eligibility for Medicaid coverage is based on the
needs of each applying individual. You can obtain more information
regarding requirements for eligibility from your state's health
You qualify for Medicaid as long as you are
eligible to receive or already receive railroad benefits or social
security. You are also entitled to Medicaid coverage if you received
Medicare coverage while being employed by the government.
Benefits Checkup will help you locate charity groups that are
set-up specifically to help people that are having problems paying
their medical bills.
Using a Credit Card for Payments
If you have enough credit using a credit card is not a bad idea.
Paying with a credit card will get the hospital off your back and
give you the option of paying what you want every month (as long as
you are satisfying the monthly minimum requirement). But, note that
you are going to be paying more in the long-run as a result of
having to pay the interest charges. Learn more about
using credit cards wisely.
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