Navigating Medical Debt
Medical debt can often be overwhelming to navigate, especially when it happens unexpectedly. Many individuals and families are unaware of the options that are available for managing medical debt. Here are three steps you can take to that may help you get through this dilemma.
Call your medical provider and ask for financial assistance
- Financial assistance, or charity care, from your medical provider may be available
- You may be required to submit an application for available assistance to see if you qualify
- You may need to supply tax forms/pay stubs or other financial documentation
Ask for a lower bill
- You may be able to negotiate a lower bill if you do not qualify for assistance
- You can request an itemized bill to review all charges
Request a payment plan
- You may be able to arrange a payment plan to repay the debt over time
- Review your income, expenses, and other debts before speaking with the medical provider, to ensure the payment plan fits within your budget
If you feel concerned about your medical debt, talk to our partners at GreenPath Financial Wellness to schedule a free, confidential financial counseling session.
