When it rains it Pours, especially where Medical Debt is concerned..
Very rarely do we prepare for emergencies. When your health is compromised, you can only rely on your faith, your constitution, the doctor and health insurance. Even then, it’s not enough. Clients find that after years of diligently paying health insurance, the total bill is not covered. Serious illnesses can reach into the tens of thousands. You may leave the hospital owing hundreds of thousands of dollars. While your body is healed your mind is still focused on exorbitant medical bills. Enlist North Bay Bankruptcy Attorneys to assist. You don’t have to deal with it on your own.
Bill Elimination Strategies
There are many ways we assist with medical bills. Our first word of advice is to stop ignoring them. When the collections agents are calling and constantly sending past due notices, it can feel as if there is no end in sight. After a while, we find that clients cease answering calls and even going to the mailbox. Ensure that the notice you’ve received is actually a bill. Insurance companies are known for sending explanations of benefits that appear to be bills upon first glance. Once you receive notice from your medical provider or insurance company that certain expenses were not covered, call to ascertain why. There may have been an oversight which leaves room to negotiate.
Credit Cards and Negotiations
Believe it or not, it is definitely possible to negotiate with the doctor’s office. They may have conducted an unnecessary procedure or test. Instead of speaking to the doctor and feeling uncomfortable, we recommend negotiating directly with the medical billing department. The billing agent has a certain level of discretion that will ultimately save money. When all else fails, consider putting the remaining medical debt on a low interest bearing credit card. This will give you some leeway to pay off the debt within a reasonable amount of time. Your credit is less likely to be negatively effected, unless you fail to make the appropriate payments in a timely manner.
Bankruptcy for Medical Debt Relief
The thought of having to pay back tens and even hundreds of thousands of dollars of debt is enough to keep you up at night. While you’re driving, sitting at the computer and eating, vast numbers loom in your head. The entire process can be extremely overwhelming. Conduct a cost benefits analysis. Weigh up how much you owe and compare it with your income and expenses. If there is no way you’ll be able to get rid of medical debt without chopping off your right arm, contact North Bay Bankruptcy Attorneys for swift debt relief. If major corporations and celebrities file for bankruptcy and continue with business as usual, why shouldn’t you?
We want you to know that it’s not the end of the world. This is just a tiny chapter in your life – not the entire story. There is a way to get out from under a mountain of debt. Consider debt consolidation. Medical bills can be included within a debt management program. Funds from loan consolidations can be used to pay off medical bills. Debt consolidation is another way to take back control over your life. The bills aren’t going anywhere, so you might as well use your free will to negotiate the best outcome. North Bay Bankruptcy Attorneys is happy to assist.