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medical debt Archives

In-service patients often receive out-of-network bills

The results of a study released recently by the Health Care Cost Institute suggests that about one in seven hospital patients receives a bill for out-of-network treatment despite obtaining their care at an in-service medical facility. The nonprofit health research group arrived at this figure after assessing almost 620,000 hospital admissions in 37 states. North Carolina was one of 15 states where between 10 and 15 percent of in-service patients were sent bills for out-of-network treatment.

How employers help with financial issues

North Carolina companies and others throughout the country routinely offer employees health care or other benefits. Today, it is becoming more common for employers to offer individuals ways to pay down their debts or avoid going into debt. For instance, TrueConnect offers emergency loans so that employees don't have to turn to payday lenders during a time of financial hardship. MedPut provides interest-free loans that are repaid through payroll deductions as well as helping to negotiate existing medical debts.

Why do most Americans file bankruptcy?

Every year, over 530,000 Americans file bankruptcy. However, you may still associate it with a negative stigma. Many people associate bankruptcy with irresponsible credit card spending or poor financial management, but the truth is far more complicated.

Congressional decisions could impact medical debt across country

North Carolina residents may have various opinions when it comes to health insurance. Nonetheless, most individuals can agree that costs associated with medical care can become burdensome to deal with at times. When parties accrue considerable medical debt, they may feel that their ability to make ends meet is substantially hindered by these outstanding balances.

Changes to medical debt and credit reports may affect patients

Needing medical attention is often unavoidable in certain situations. Unfortunately, many North Carolina residents may consider forgoing treatment due to the high costs of certain procedures. Often, individuals accrue considerable amounts of outstanding medical debt and find it difficult to address the balances effectively. As a result, their credit scores and other financial affairs may suffer.

Wiping out medical debt draws support from diverse groups

Dealing with a medical issue in Durham can be extremely stressful. However, after receiving treatment, many people also end up with bills that they cannot afford to pay. That is why some groups are working to combat this growing issue, which affects millions of households across the country.

Women more likely to suffer from unexpected medical costs

Health care is an expense that is extremely important and worrisome for many people in North Carolina. Medical emergencies can happen at any time and having insurance is no guarantee that you will not end up owing money after all is said and done. At Wootton & Wootton, P.C., we understand how stressful it is when you owe money that you cannot afford to pay.

Why medical debt is unlike other kinds of debt

Receiving a bill in the mail for a medical treatment you received can be a source of dread for many people in Durham. Medical costs can vary wildly and even those with insurance may end up with heft balances. At Wootton & Wootton, P.C. we know how stressful it can be to get stuck with a bill that you cannot afford to pay.

Number of bankruptcies down but medical costs still leading cause

Access to affordable medical care is vitally important to those living in North Carolina. Health care has been a hotly debated topic in the last several years. The Affordable Care Act led to a number of changes for people across the country. As MarketWatch points out, the ACA resulted in higher deductibles and increased premiums for many people, which translates to more money out of consumers’ pockets.

Many people facing collections for medical debt that isn’t theirs

Being contacted by a debt collector in North Carolina can be very upsetting. Financial problems are a major source of stress for many people and collection agencies are not always friendly. Medical debt is quite common among people in the United States and is the source of many debt collection calls. However, a new study has found that many people do not actually owe the medical debts they are being contacted about.

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