Navigation Links
As Medical Bills Contribute to 50% of U.S. Foreclosures, CreditFYI Shares 5 Tactics for Managing Medical Debt

Consumers can take action to minimize chances of being overbilled, double-billed or billed for expenses they didn't incur.

Norwalk, CT (PRWEB) July 29, 2009 -- ccording to a July 23, 2009, study by The Commonwealth Fund*, medical bills play a major role in fully half of all U.S. foreclosures. CreditFYI, an educational consumer website on consumer credit, personal finance and fraud, offers the following 5 specific actions consumers can take to minimize their chances of being overbilled, double-billed or billed for expenses they didn't incur possibly resulting in the medical debt.

Tips to Manage Medical Bills

1.   Be an informed policyholder. Know exactly what your health plan covers -- and what it doesn't.
2.   Don't be shy about negotiating a discount with your doctors for any expenses not covered by your plan.
3.   Request an itemized medical bill for hospital stays.
4.   If you're facing extensive treatment, consider hiring a strong medical billing advocate who can act as your liaison with healthcare providers.
5.   Avoid using a credit card to pay medical debt. A high-interest credit card can send your overall cost of care soaring.

According to CreditFYI spokesperson, Rob Wyse, "Many people are just a diagnosis away from financial disaster. Even for those fortunate enough to have health insurance coverage, the out-of-pocket expenses for hospital stays, surgeries, doctors' visits and lab tests -- not to mention time away from work -- can quickly balloon into unmanageable proportions."

Medical debt can be especially hard on those who suffer chronic medical conditions, such as the 15 million-plus Americans who have Type 2 diabetes. That's just one more reason to manage your medical debt as proactively as you manage your financial household, according to Wyse.

To read the full story, visit Manage Your Medical Bills and Debt.

About is a leading educational consumer website on consumer credit, personal finance and fraud. For more information, visit


Read the full story at

Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved

Related medicine news :

1. Medical Transcription Service, MxSecure, Partners with CHV to Enhance Community Health Care
2. Nfocus Neuromedical Announces European Approval for Novel Guiding Catheter at Society of NeuroInterventional Surgery
3. Career Step Launches New Exam Prep Course for Medical Transcription Industry Credential
4. SEOhaus Specializes in Online Niche Marketing for Medical and Dental Professionals
5. Rush University Medical Center studies program to help older adults transition from hospital to home
6. Established Medical Sub-Component Manufacturer Achieves ISO 13485 Certification
7. Inverness Medical Innovations Announces Second Quarter 2009 Results
8. Houston Northwest Medical Centers Bariatric Program Rated Top 15% in the Nation by HealthGrades
9. China Sky One Medical, Inc. to Conduct Non-Deal Roadshow in Hong Kong and Singapore
10. ATS Medical to Participate at Upcoming Investor Conferences
11. Students Connect with Stable Careers Through Updated Medical Assistant Career Resources on All Allied Health Schools
Post Your Comments:
(Date:11/27/2015)... ... November 27, 2015 , ... According to an article ... the way that they are handling security in light of the recent terrorist attacks ... in an attempt to stop an attack from reaching U.S. soil. Especially around special ...
(Date:11/27/2015)... ... November 27, 2015 , ... A team of Swiss ... to treat it. Surviving Mesothelioma has just posted the findings on the website. ... Zurich analyzed the cases of 136 mesothelioma patients who were treated with chemotherapy followed ...
(Date:11/27/2015)... ... November 27, 2015 , ... "When ... said an inventor from Hillside, N.J. "Many people catch diseases simply from sitting ... individuals will always be protected from germs." , He developed the patent-pending QUDRATECS ...
(Date:11/27/2015)... ... ... The print component of “Supporting Our Caregivers” is distributed ... Minneapolis, South Florida, with a circulation of approximately 250,000 copies and an estimated ... media strategy and across a network of top news sites and partner media ...
(Date:11/27/2015)... ... ... MPWH, the No.1 Herpes-only dating community in the world, revealed that over 50% of its ... 3.7 billion people under the age of 50 – or 67% of the population - ... estimates of HSV-1 infection . , "The data shocks us highly!" said Michelle Li, ...
Breaking Medicine News(10 mins):
(Date:11/25/2015)... THOUSAND OAKS, Calif. , Nov. 25, 2015 /PRNewswire/ ... of a Biologics License Application (BLA) with ... Administration (FDA) for ABP 501, a biosimilar candidate to ... the first adalimumab biosimilar application submitted to the FDA ... biosimilar pathway. Sean E. Harper , M.D., ...
(Date:11/25/2015)... On Tuesday, November 24, 2015, the ... Wright Medical Technology, Inc. for product liability and ... implant device, awarded $11 million in favor of ... and three days of deliberations, the jury found ... designed and unreasonably dangerous, and that Wright Medical ...
(Date:11/25/2015)... -- Allergan plc (NYSE: AGN ) today announced that ... York State Attorney General,s Office to end the ... statutes with the Attorney General over the decision of Forest ... selling the now generic version of memantine immediate release tablets.  ... released its counterclaims against New York , ...
Breaking Medicine Technology: