Gipson, Norman & Root
281-823-7016 or 888-512-6044
Call Now for a Free 30 Minute Consultation

5 steps to prevent outragious medical debt

One of the most common reasons why fiscally responsible people find themselves in the throes of a debt problem involves medical expenses. When faced with the decision of whether to go into debt or continue suffering from declining health, most people choose to go into debt to get the medical care they need. However, by making sound choices, you might be able to prevent a medical debt problem.

Here are five things that will help you prevent a medical debt hailstorm:

1. Understand your insurance: The more you know about your insurance, the better you'll be able to evaluate whether you have the right amount of insurance for your needs. You'll also be able to hold your insurance company responsible if they fail to honor the insurance policy you've signed.

2. Set up an action plan: It's important to know what facilities your insurance policy covers when you get urgent or emergency care. Urgent care is where you should go to save money -- if your situation isn't a real emergency. The emergency room should be reserved for real emergencies only.

3. Research medical procedures: Research how to find excellent but affordable care. Some medical centers are much more expensive than they should be.

4. Don't pay with your credit card: Paying for medical care with your credit card is not a good idea because of the high interest rates many of them assess on balances. Also, medical debt is not as bad for your overall credit rating as credit card debt.

5. Negotiate with your health care providers: You may be able to reduce your medical bills significantly by negotiating with health care providers and those you owe medical debt money. Sometimes, your bills will be wrong, and it's important to catch those errors as well.

If you're facing unusually large medical bills, you might be able to push back if you understand your legal rights and options. Furthermore, if you are completely underwater in medical debt problems, bankruptcy might be the solution you need.

Source: Huffington Post, "Stop Medical Bills from Driving You into Bankruptcy," Allan Smith, accessed June 14, 2018

No Comments

Leave a comment
Comment Information

Contact an Experienced Attorney Today

Call our office at 281-823-7016 or 888-512-6044 to schedule a free 30-minute consultation with our experienced lawyer. Our office is conveniently located just two blocks east of Interstate 45.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Gipson, Norman & Root
450 N. Texas Avenue, Suite A
Webster, TX 77598
Phone: 281-823-7016
Toll Free: 888-512-6044
Fax: 281-332-4808
Map and Directions