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Payment plans can help with overwhelming debt from medical bills

When a person is sick or injured, he or she will be grateful for the opportunity to receive needed medical care. However, after receiving help from medical professionals, consumers will have to deal with the resulting medical bills. Many people may have problems keeping up with payments on overwhelming debt from medical bills in Texas or in any other state.

One of out every three Americans reported having trouble with paying their medical bills, according to recent research. The studies also show that even consumers with insurance are vulnerable to problems with medical debt. This issue also affects consumers of all income levels. Luckily, there are various ways for consumers to alleviate and avoid medical debt.

It is important to talk to one's doctor or hospital prior to receiving treatment in order to inquire about the costs of the services as well as whether or not one's insurance policy will cover the potential treatments. It may even be a good idea to let the medical provider know one does not have enough money. Many times the provider will be able to work out a payment plan ahead of time. Also, one should be sure to be honest with oneself when estimating his or her ability to pay in order to avoid an overwhelming monthly payment schedule.

However, despite working out a reasonable monthly payment plan, many in Texas and other states will still find themselves facing overwhelming debt from medical bills. Although these financial challenges can seem daunting, there are still options available for consumers facing this situation. One option may even be to file for personal bankruptcy.

Source: Kaiser Health News, "What To Do About Medical Debt", Lexie Verdon, April 25, 2014

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