Those who struggle with debt may have accumulated it from many sources. Student loans, car loans, credit cards or even one’s mortgage can all make it difficult for a consumer to manage his or her finances. A common source of debt is medical treatment -- many Florida families may suffer from an unplanned or chronic illness that results in medical expenses that they have difficulty paying for and can cause them to go into debt. However, there are ways for those who are facing this situation to find debt relief.
The most well-known approach to handling medical debt is to work out a plan for payment with the biller. This can be done in a manner that will accommodate a consumer’s personal budget requirements. The consumer can also request a negotiation with the medical provider. Many of them would rather receive partial payment than none at all, but it can take time and not all providers will be willing to allow this option.
Consumers may also want to look over their medical bills before paying them to find any potential billing errors. It is not uncommon for patients to be accidentally billed twice for medication or services. Once this is completed, the consumer can research what other medical providers charge for similar treatments to determine if the pricing was satisfactory. Looking at Medicare pricing can be extremely helpful in this instance.
Some consumers will still have difficulty paying their medical bills even after exploring these options. Those who do might wish to file for bankruptcy as a way to find debt relief. Doing so could help Florida consumers start anew with their finances and give them a chance at a brighter future.
Source: wfmynews2.com, "Medical Debt: How To Manage It & Ways To Negotiate Your Bill", , July 16, 2014