Monday, July 18, 2016

Need Help With Medical Expenses? Read This Now

about medical expenses
Not everyone is able to get adequate health insurance. If you've found yourself in desperate need of help for covering medical expenses, you do have options open to you. These are some of the routes you may want to explore.

Medical bill advocates

If you’ve been given a hefty medical bill, then there are people out there you can hire to have your back. These people are called medical bill advocates. They’re experts when it comes to assessing everything on a medical bill and finding areas in which costs can be cut. They can help you dispute payments that aren’t actually necessary. (And yes, sadly, this does happen. Care providers may bill you for things unnecessarily just so they can get more profit.)

Getting a loan

For some people, this may seem like a bit of an extreme option. But sometimes it may be necessary to simply take out a loan. The fact is that medical bills piling up that aren’t being paid is extremely bad. Not only can they increase in price the longer you leave them, but they can affect your credit score. You might be better off looking into personal loans than finding yourself drowned by medical debts.

Compassionate crowdfunding

You’ve probably heard about online crowdfunding. For the most part, the famous crowdfunding successes are found in the entertainment industry. But that doesn’t mean there aren’t plenty of successes found in humanitarian causes. You can set up a crowdfunding page if you’re in urgent need of financial assistance for medical bills. One of the problems with this route is that, to get the most financial potential, you have to market your campaign a little. That can be a little too strange for some people!

Support groups

Are there any support groups out there for the problem you’re facing? Perhaps the most famous example here is that of cancer. There are support groups out there for pretty much any kind of cancer. Some of these support groups use donations and government funding to assist those struggling with medical bills. This isn’t guaranteed, of course, but it’s definitely worth looking into.

Government programs

Yes, the government are the ones responsible for allowing people to get into huge medical debt in the first place. But that doesn’t mean that you can’t turn to them if you’re in desperate need of help. In America, for example, you may be eligible for Medicaid, even if you’re not on a low salary. And no, Medicaid and Medicare are not the same thing. People who can’t get one may still be able to get the other!

Filing for bankruptcy?

This is, as you can imagine, the most extreme option available to you. (Well, unless you’re planning on breaking bad. But don’t do that.) More than half of all bankruptcy claims are tied to health care expenses, so you’re not the only one who may consider it. But if things are really bad, and you’re willing to take the hit on your credit score, it might be an option. Chapter 7 bankruptcy is likely to erase your medical debts.

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