If you’ve ever been sued by a debt collector or service provider over medical debt, you know how stressful it can be. If you couldn’t afford to pay the original debt, you likely still can’t afford it. And if you
Andrew Hauser offers 8 tips for seniors who want to manage their medical expenses: Plan savings to cover medical costs. “A recent analysis found couples might need $350,000 or more for medical bills after retirement. Check your progress with an
From Consumer Reports: For big bills or complex cases, consider hiring a medical billing advocate. These experts typically charge $100 or more an hour. Some operate on contingency, taking a percentage of what they save you, usually 25 percent to
“Old medical bills plague many Americans, harming their credit scores and holding them hostage to collection agencies,” Reuters reports. Medical-related debt makes up over half of all collections items listed on credit reports, according to the National Consumer Law Center.
Fox News offers some advice: Be careful what you say on the phone. Don’t offer the debt collector a lot of information or engage in a long conversation. Sullivan says they may be recording what you say on the call
Even with a family health insurance plan for which we pay a steep premium each month, we know we’re only partially protected, CNBC reports. That’s because, like increasing numbers of Americans, we have an even steeper annual deductible to cover