Oftentimes, we don’t understand our insurance coverage until we get a bill from a doctor or hospital. In a lot of situations, people with high deductibles still have medical bills to pay even though they are insured. Recently, the New York Times, outlined strategies to use when trying to settle your medical debt. http://www.nytimes.com/2015/05/21/your-money/how-to-manage-high-medical-bills.html?ref=your-money&_r=0
Something to keep in mind is that the Medical Bill is not set in stone, and the Hospitals will work with you to find an affordable payment plan, or they might discount your bill if you are experiencing a financial hardship. The key is to contact the Doctor or Hospital sooner rather than later. Doctors and Hospitals are more likely to offer you discounts. If your bill remains unpaid for a longtime, the health provider will often sell your bill to a third-party collector, which is less likely to settle on amicable terms. Often you could find yourself on the receiving end of a lawsuit to collect the medical debt.
If you fell behind on medical bills, or other bills, and are having a hard time making payment, contact Joseph Olstein at Olstein Law today at 312-725-4132. Mr. Olstein will talk with you and help create a plan to deal with your debt. Our consultations are free, and we are here to help.