Can’t Pay Your Medical Bills? There Are Ways To Save Your Credit

By Mike Wayman

Paying medical bills can be a challenge even when the economy is stable and income is steady. Medical bills are usually a somewhat unexpected addition to one’s financial obligations, and thus may not be accounted for in the monthly budget. So what is one to do when faced with the burden of paying medical expenses, especially in today’s depressed economy?

Most importantly, do not ignore the bills. Stay in communication with care providers and billing departments and work out comfortable payment plans whenever possible. Make sure that any applicable insurance or other benefits are duly applied to the expenses, and if there are any discrepancies follow through to be certain that responsible agencies pay the portion of your bills for which they are responsible. Be willing to ask for financial assistance where it is available, particularly if you are underinsured or uninsured altogether. Public hospitals usually have programs to defray costs for underinsured patients, and even care providers in private practice can often put you in touch with agencies that will help with your care costs.

Lastly, do not be pressured by collection agencies. Panic never helps, and falling into charging your bills to a credit card in order to get a credit agency off your back will not help in the long run. Take steps to address the bills with the providers to whom they are owed, proceed responsibly and with care, and most often you will find that manageable payment options can be found.