Navigation Links
As Medical Bills Contribute to 50% of U.S. Foreclosures, CreditFYI Shares 5 Tactics for Managing Medical Debt
Date:7/29/2009

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 CreditFYI.com

CreditFYI.com is a leading educational consumer website on consumer credit, personal finance and fraud. For more information, visit www.creditfyi.com.

###

Read the full story at http://www.prweb.com/releases/2009/07/prweb2687684.htm.


'/>"/>
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:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... (PRWEB) , ... October 13, 2017 , ... Lori R. ... a member of ElderCounsel, a national organization of elder law and special needs planning ... laws and rules. It also provides a forum to network with elder law attorneys ...
(Date:10/13/2017)... ... 13, 2017 , ... Ellevate Network, the leading network for professional women, brought ... gender equality at their inaugural Summit in New York City in June. The event ... audience of over 3 million. To watch the Mobilize Women video, click here ...
(Date:10/13/2017)... ... 2017 , ... Coveros, a leader in agile coaching services ... by the Center for Medicare and Medicaid Services (CMS). The Enterprise Agile Transformation ... Agile methodologies in a consistent and high value manner across CMS programs. Coveros ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... sleep apnea using cutting-edge Oventus O2Vent technology. As many as 18 ... characterized by frequent cessation in breathing. Oral appliances can offer significant relief to ...
(Date:10/12/2017)... MD (PRWEB) , ... October 12, 2017 , ... The ... of Excellence to Carol Friedman, PhD, FACMI, during the Opening Session of AMIA’s Annual ... – 8. , In honor of Morris F. Collen, a pioneer in the field ...
Breaking Medicine News(10 mins):
(Date:10/5/2017)... , Oct. 5, 2017  In response ... of Oral and Maxillofacial Surgeons (AAOMS) released prescribing ... – to be used as a first-line therapy ... Recognizing the ... AAOMS White Paper "Opioid Prescribing: Acute and Postoperative ...
(Date:10/2/2017)... Mich. , Oct. 2, 2017 Diplomat ... 8th Day Software and Consulting, LLC , and ... 8th Day Software, based in Tennessee ... LLC. 8th Day expands EnvoyHealth,s service offerings for health ... development. "In an ...
(Date:10/2/2017)... , Oct. 2, 2017 The Rebound mobile ... the struggle to reverse the tide of prescription drug addiction. ... regulating their medicine intake and stepping down their dosage in ... to launch in December 2017; the first 100,000 people to ... more at http://www.rebound-solution.com/ ...
Breaking Medicine Technology: