is no stranger to most individuals who are considering bankruptcy. It is estimated that the United States alone spends $3.8 trillion annually on medical care. But when you are the one facing mounting medical debt, you may wonder what steps you can take when it becomes too much to bear. The Jones Law Firm has some tips for you.
1. Review All Bills
In 2019, it was estimated that as much as 80 percent of medical bills
contained errors. With a medical system flooded by patients, changing insurance policies, and technological demands, it’s no one’s fault that it happens. But that’s why you need to be your own advocate and review all medical bills that come to you. If you went to the emergency room for a broken arm, you should only have charges related to the injury. But if you see you have charges for an overnight admittance, you need to contest the charges and contact medical billing.
2. Request a Payment Plan
While it may seem difficult, if you have the ability, you should contact your medical provider to see if you can get a payment plan set up so you can manage your bills. However, if you make too much money to qualify for a low-income plan, you may need to divulge information to the medical billing team to see what options may exist.
3. Create a Budget
Like any other financial hardship you may face, having a budget in place can help you manage the medical debts you have as well as any other that may accumulate. But it’s important to make it and stick to it.
4. Keep Up With Other Bills
Medical debt may be all-consuming, but that doesn’t mean you can let other bills pile. It will be critical that you keep up with other expenses as best as you can. This may include using a schedule, making phone calls about payment plans, and working with lenders.
5. Consider The Jones Law Firm For Bankruptcy
Medical debt is one of the top causes of bankruptcies in the United States. If you are facing financial difficulties and are considering bankruptcy, The Jones Law Firm is here to help.
Ohio Bankruptcy Attorney Michael Ryan Jones
If you live in Columbus or central Ohio and are experiencing financial distress, we encourage you to contact The Jones Law Firm
for a free consultation about how we can help determine whether Chapter 7 or Chapter 13 bankruptcy is right for you. Financial freedom begins when you seek the legal advice of an Ohio bankruptcy attorney. Call today.