Admitting that your medical debt has accumulated to the point of extreme worry is always a stressful situation. However, there are ways to alleviate the anxiety caused by the debt itself by finding alternative ways to deal with the problem.
One of the most overlooked solutions when it comes to medical debt is checking for any errors. Medical bills may indicate you owe a certain amount, but it could easily be a misprint or a mistake on the doctor’s end. According to Investopedia, some items on your bill to double check include services you may not recognize or know, duplicates of an item or procedure, and amounts that your insurance should have paid. Making sure you did not get overcharged for medical care is crucial.
If you still are struggling to figure out what to do, or if you could not find any mistakes on your bill, it may be time to negotiate. Negotiation means talking directly to your billing manager or medical provider in order to better understand how you can pay. Waiting for collections is not recommended. It is best to speak as soon as possible once you know you cannot pay. If you offer to pay a certain percentage upfront, it could be possible to strike a deal. Being honest and direct about what you can or cannot pay will help you find a solution that works for your budget.
Dealing with medical debt is complicated and stressful at times. It is best to be aware of all the possibilities and solutions that are out there if you need help.