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Medical Debt Help
Have our medical debt experts negotiate your medical debt to a fraction of what you owe.

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Medical Bill Payment Plan Negotiation
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Negotiate Bills on Your Own Or Use a Medical Debt Expert?
Determine if you can resolve your debt on your own through negotiation. If you can't, there are experts waiting to help you.

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Medical Debt - Medical Bill Options

With medical debt or medical bills causing almost 2 million bankruptcies a year, knowing how to prevent unpaid medical debt, interest, and credit deterioration is financially wise. There are a few steps you can take as a consumer to reduce and prevent high medical bills. These apply to individuals who have and do not have health insurance. In addition, medical debt reduction options target those individuals who can pay and those who cannot pay as well. No matter what your situation, don’t ignore your medical bills, and always pay your most important or essential bills first (rent, food, utilities etc). Medical bill collectors may pressure you to forgo your other necessary payments but do not listen to them..

If you would like a free no-risk medical debt analysis go here: Medical bill help

Options If You Can Make Payments (even if they are small)

1) Pay in Full or In Large Payments If Incentives Are Available - Many doctors, clinics, and hospitals will generally offer a 20-30% off medical bills if you can pay them off in a shorter period of time. This is not suggestive of placing the medical expenses on a credit card, unless you can pay the whole amount the next month, because you may lose the savings if interest is charged by your credit card company (see below why also you should not pay with a credit card).

2) Negotiate with Your Creditors Directly - Many times you can talk directly with your hospital billing department, doctor's office or medical clinic. They don’t want to send your debt to collection agencies because they end up getting 60-80 cents on the dollar. Therefore, if you are in financial trouble explain that you can only make small payments. You can tackle medical bill negotiation in more detail. However, if you are inexperienced in negotiating, are not happy with the result of a previous negotiation, work with a company that can lower medical bills (like us) by starting with a free no-obligation medical debt consultation (link on menu above).

3) Work with a Company that Specializes in Medical Bill Negotiation - Having knowledge of government and private insurance companies and procedures, as well as experience with medical bill charges is important in reducing your medical bills. In other words, sometimes working with medical bill specialists can land you the biggest reduction (even after fees). This option is also beneficial because you will not have to take time out of your day researching and calling your creditors. We encourage trying different medical debt relief companies but we offer a no risk medical bill help service program where you pay a small percentage of what they save you.

Options If You Cannot Make Payments At All

1) Do You Qualify for Government Programs? - Medicaid and Medicare can help you reduce medical bills or completely cover your medical debt/bills. Medicaid varies by state and generally provides coverage for low-income families, but other factors are considered in your eligibility including your age, pregnancy status, disability status, blindness, income, citizenship, and assets. Medicare is for individuals above 65 or for young individuals who are disabled. Again, certain requirements must be met for this coverage (more information about Medicaid). If you have children, each state has a SCHIP or State Children Health Insurance Plans that offer subsidized health insurance for your child so if you don’t qualify for Medicaid, your child may cover with SCHIP.

2) Contact the Financial Aid Department or Charities - Every hospital has a financial aid or charity department required by law for those who want to retain or are seeking non-profit tax status. There are also plenty of other non-profit organizations that provide help with medical bills. In either case, like with government programs, you need to meet certain requirements to qualify for financial help although self-help information may be available (see medical debt resources).

3) Consolidate Your Medical Bills With a Home-Equity Loan or by Refinancing - This option can work for you but it is the least recommended among all options because if you cannot pay you will lose your house (if you own one). Medical debt consolidation with a loan usually happens by taking out equity from your house to pay off your medical bills.  This requires you have equity in your house, and increases your mortgage payments or house payments in turn. This is a plausible option if you have exhausted all options above and you can obtain a significantly lower interest rate than you currently have with your medical bills.

4) Pay Medical Bills with a Credit Card - Although this is an option, by doing so, not only may your interest be higher, but almost every option is voided because now your medical debt becomes credit card debt.

Overall, if you can make small payments, each option has its advantages and disadvantages. If you can make a payment, self-negotiation or working with a medical debt reduction specialist are your best options. If you cannot make a payment, government programs, charities and financial aid departments should be contacted.