Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

What to do if you are buried in medical debt

Even if you have high-quality, comprehensive health insurance, do not assume all your medical bills are completely covered. Depending on your situation, you could find yourself receiving one bill after the next.

If your medical debt mounts, it is critical to implement a plan for digging out.

 

While this is easier said than done, here are options that may work for you.

  • Negotiate: If you are unable to pay a particular debt in full, negotiate with the provider to see if they'll accept a lesser amount in order to get it off their books. For example, if you have a $500 bill but can only afford $300, offer to make one lump sum payment on the spot. This may be enough for the provider to bite, as they'd rather receive this money than take you to collections.
  • Opt for a payment plan: This provides the opportunity to slowly eliminate debt over the course of several months or years. When doing this, talk to your provider about options, such as the interest rate and monthly payment.
  • Be careful about using credit cards: While paying off a bill with a credit card might get the medical provider's bill collector off your back, it now means you have higher-interest-rate debt. You are typically better off using a payment plan through the provider, as it allows you to avoid interest payments.

By taking one or more of these steps, you can eliminate some or all of your medical debt now and/or in the future. If you have so much debt that you don't know what to do, perhaps with more on the way, it may be time to learn more about Chapter 7 and Chapter 13 bankruptcy.

For example, with Chapter 7, you typically can discharge medical debt, along with many other types of debt, such as credit cards. Understanding the process and what it entails will help you decide if it is the right decision for you.

 

No Comments

Leave a comment
Comment Information

We Look At Your Case From Every Angle To Find The Solution That Is Right For You

Bankruptcy help for everyone, from the most simple to the most complex cases.

Call Us Now To Schedule A Free Initial Consultation

Contact our Nashville office at 615-686-2279 or our Cookeville office at 931-400-2218. You can also reach us via email to set up a time to talk to us about your debts.

Get Legal Help Now

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map

Back To Top