Have you or a loved one suffered from a medical condition that required emergency or long-term medical care? If so, you understand how quickly medical bills can accumulate. When you do not have insurance to cover those bills or the insurance only covers a small amount of the medical bills, the stress from trying to deal with medical bills can become overwhelming. You or your loved one must have medical attention but you have no means of paying the bills.
Soon collection agencies and debt collectors begin harassing you at home and at work trying to collect the debt. You do not need to deal with medical bills on your own. There are ways to deal with medical bills that will relieve the stress and allow you to get on with your life.
Ways to Deal with Medical Bills
There are several ways that you can deal with medical bills to reduce your stress level as you work toward resolving the issue.
- Ask for a reduction – In many cases, medical providers will reduce the final bill if you negotiate. Explain that you do not have sufficient insurance to cover the bill and you are unable to pay the full balance. You may need to make a sizeable payment toward the balance; however, for that payment the medical provider may be willing to reduce the amount due.
- Agree to automatic drafts – If you agree to automatic drafts, ask for a reduction in the amount owed. Sometimes a medical provider will reduce the amount owed if you agree to monthly automatic drafts.
- Prioritize your bills – You have some medical bills that are a higher priority such as your primary care physician. Your primary care physician may refuse to treat you if you do not pay your bill; however, a hospital cannot refuse treatment in an emergency.
- Create a budget – If you do not have a monthly budget, create one now. It is very difficult to see where you can reduce expenses if you do not know where your money is going each month. By creating a budget, you can quickly determine if you have more money going out each month than you have coming in each month. If this is the case, you may need to consider bankruptcy as an option.
- File bankruptcy – Filing bankruptcy will discharge your medical bills. You will no longer be legally liable for the repayment of the medical debt. Before you borrow money or use savings and retirement funds to pay medical debts, you need to contact our office for a free bankruptcy consultation. Your retirement savings is protected in your bankruptcy; therefore, you can keep your retirement accounts while erasing thousands of dollars in medical bills. Bankruptcy may your best option to deal with medical bills.
Contact an Experienced Mount Holly Bankruptcy Attorney
Personal Approach, Professional Service, Affordable Payment Plans
The Law Office of Travis J. Richards, LLC is a full-service Mount Holly bankruptcy law firm focused on Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, debt consolidation, credit repair, tax liens, student loans and foreclosure. We represent clients in Burlington County and throughout South Jersey.
Contact our office at 609-267-5297 to schedule your free consultation to discuss bankruptcy and non-bankruptcy alternatives. You may also use our convenient online contact form and one of our friendly, professional staff members will contact you to answer your bankruptcy questions and/or schedule a free consultation with Travis J. Richards.
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