Hatfield Harris, PLLC
Local: 479-250-1962 or Toll Free: 800-491-4103

Medical Debt Archives

What can you do about high medical debts?

Medical debt is one of the most frustrating debts to overcome. It can total in the thousands or hundreds of thousands very quickly, depending on the severity of an illness or injury. Even with insurance, there is a possibility of having deductibles, copays and other expenses that add up.

At least 43 million Americans are behind on medical bills

Medical debt is an issue that can plague people. Most people who have it want to pay off those debts. The problem, however, is that these bills are often unexpected and usually high. Some medical providers are willing to make payment arrangements for these bills, but there are often multiple bills from more than one provider that stem from one medical care encounter.

Even with insurance coverage, medical costs can devastate you

The cost of medical care in the United States is astronomical, even for those who have good insurance. It was thought that the Affordable Care Act would reduce the negative impacts that seeking medical care had on individuals, but there has been no relief. Around two-thirds of individuals who file for bankruptcy note that medical problems have contributed to their financial troubles.

Know how to handle medical bills when they come in

Facing incoming medical bills is overwhelming even in the best scenarios. Many people have trouble covering these bills. They might think that they have good medical insurance until those bills come rolling in. When this happens, you need to ensure that you are protecting your interests because these bills come with some specific considerations.

Don't let medical debt complicate your life

Medical debt is one of the reasons why some individuals have to file for bankruptcy. This is a shame because even people who are well-insured can face this issue due to the high costs of co-payments and deductibles. Plus, these huge medical bills might come at a time when your income is reduced or eliminated because of your health problems.

Make a plan to address unexpected medical bills

Unexpected medical care is costly. You might not realize the full extent of the financial impact until the bills start rolling in after you receive the care you so desperately need. In some cases, the co-pays and deductibles that you have to pay are going to lead to financial difficulties. It is possible that you will be billed for those, but some places require them upfront.

Is there any way out of medical debt other than bankruptcy?

It's difficult to hide the shock of reading a medical bill for the first time. What you expected to be a $500 bill might be closer to $5,000 or even $50,000, especially if you had to be treated outside your insurance company's network.

Medical debt impacts people who are already in a difficult spot

You never know when medical debt is going to become necessary. When this occurs, you need to think carefully about how you are going to handle the situation. You don't need to allow these debts to weigh down your finances, but you might be ready to get them taken care of. We understand the position you're in and want to work with you to find solutions to get it all taken care of.