Unfortunately, many Americans experience sudden illnesses or injuries that leave them with large medical bills they aren’t equipped to repay. If you’ve found yourself in a situation where you have more medical debt than you can pay, you may be wondering what you can do to make bills more manageable. Use the following tips to start forming a repayment strategy and contact a debt attorney for legal advice.
How to Pay Off Your Medical Debt
1. Find What Payment Options the Hospital Offers
Many hospitals and doctor’s offices are willing to negotiate interest-free payment plans with their patients. Work with them to come up with a monthly payment you can afford and avoid having to pay interest or allowing your credit score to be affected by unpaid bills. A debt attorney can be an excellent ally in the negotiation process, as well.
2. Get Financial Assistance
If you truly cannot afford to pay down your medical debt, you may want to see if your hospital offers financial assistance to help you cover your bills. You may need to apply for Medicaid first to see if you can get the bills covered that way. If you get rejected, the hospital may allow you to begin the process of applying for its financial aid plan. Have your debt attorney help you navigate the process.
3. Apply for a Loan or Credit Card
When financial assistance isn’t an option, you can check to see if your medical provider accepts medical credit cards. These cards often include a period of six to 12 months interest-free to help you pay down the balance of your debt. You may also consider opting for a personal loan if you need to consolidate multiple medical bills into a single payment. Keep in mind that you will only get low-interest rates if you have excellent credit.
If you find yourself with unmanageable medical debt, get help managing it by contacting Greg Dunn, Bankruptcy and Debt Relief Attorney in Honolulu, HI. This debt attorney has been serving clients across Hawaii since 1996. He is passionate about helping people clear their debts, so they can move on with their lives. Get started clearing your debts by calling (808) 524-4529 to schedule your first consultation or learn more about the practice online.