CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Are Medical Issues Forcing You Into Bankruptcy?

Filing Bankruptcy In Florida With Medical Bills.Many Americans wind up in debt because of medical bills. One of the most common reasons for filing bankruptcy in Florida is medical debt.

Regardless of whether you’re dodging creditors calling about medical bills or you’ve received a diagnosis that you know will lead to significant medical debt, taking an assertive approach to your situation is the best option.

Filing Bankruptcy in Florida Helps You Deal with Medical Debt

Bankruptcy is the right choice for many people dealing with medical debt. It alleviates medical debt and helps you get a fresh start financially. Unfortunately, it also damages your credit score and can make things complicated.

The good news is, bankruptcy might not be your only option. Before moving forward with bankruptcy, do the following:

Review Your Insurance Policy

You’d be surprised how many times a claim is falsely or mistakenly denied. Mistakes happen. It doesn’t hurt to ask questions if you believe something isn’t adding up. Even if you aren’t sure, it’s a good idea to double-check what’s covered and what isn’t. It’s a good practice to contact your insurance provider any time you are sent a bill for a medical procedure just to make sure everything was calculated correctly.

Don’t be shy about questioning the denial of a claim. Sometimes pushing back on a denied claim ends in a reversal of the decision. In some cases, you might get the amount you owed reduced.

Have a Plan

If you’ve had a medical emergency and had to seek care unexpectedly, there isn’t much you can do to undo the cost of that care now. However, if you know there are more hospital or doctor’s visits in the future, it’s a good idea to put together a plan based on your insurance coverage.

Knowing which local hospitals and urgent care facilities your insurance covers saves you an unexpected bill from an emergency visit. It can also prevent having to file bankruptcy in Florida.

Avoid Paying for Medical Services with a Credit Card

Some hospitals and medical facilities offer a discount if you pay your bill in full. This makes it tempting to hand over your credit card when it’s time to pay. Unfortunately, this means you’ll lose your opportunity to negotiate your charges with the provider or with the insurance company in the future.

Additionally, care providers might offer payment plans at lower interest rates than your credit card. If a payment plan is your best option, you want to be sure you’re getting the best terms.

Don’t Be Afraid to Negotiate

If you have a medical bill you can’t afford but you could afford to pay a portion of it, it doesn’t hurt to negotiate with the care provider. Some are willing to take a lump sum payment less than the total to avoid losing out on any money if you file for bankruptcy. Medical debt is dischargeable. This means care providers are at risk for getting nothing from patients who file for bankruptcy. Many are willing to take much less than what is owed just to ensure they get at least a portion of the payment.

For tips on negotiating medical debt with a hospital or healthcare provider, check out this information from The Balance.

Do You Need Help Filing Bankruptcy in Florida?

If you’re dealing with a devastating diagnosis or injury, you don’t need financial problems in your life fueled by debts related to your care. Filing for bankruptcy in Florida might be your best bet if the above tips don’t help you alleviate the problem. For more information or to speak to someone about your situation, contact the Law Office of Robert M. Geller at 813-254-5696 to schedule a free consultation.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

5 Common Budgeting Mistakes Newlyweds Make and How to Avoid Them

Budgeting mistakes are common, especially when you’re young. Not all newlyweds are young adults, but many first-time marriages do involve...
Read More

When Should Married Couples File for Bankruptcy Together?

There's no easy answer to the question of timing when it comes to bankruptcy. In some cases, it may make...
Read More

Can Your Spouses Debt Force You Into Bankruptcy?

If you're married and your spouse has a lot of debt, you may be wondering if that debt can force...
Read More

Do You Need a Bankruptcy Attorney If You’re Divorcing with Financial Problems?

Divorce and bankruptcies are more common than many people realize. Financial problems make a stressful transition even more difficult. If...
Read More

Can You File Bankruptcy without Your Spouse?

Filing for bankruptcy is a decision that should not be taken lightly. It can affect your financial life and the...
Read More

How Seniors Can Avoid Bankruptcy

Seniors are at a high risk of bankruptcy, but there are ways to avoid it. What do you need to...
Read More

What Happens If I Own Too Many Assets to File for Chapter 7?

Does hiding assets in bankruptcy protect them from your creditors? If you own too many assets to qualify for Chapter...
Read More

How to Find the Best Lawyer for Filing for Bankruptcy after Retirement

Many retirees decide to file for bankruptcy as a way to get a fresh start. But finding the right lawyer...
Read More

Does Declaring Bankruptcy Affect My Retirement Savings?

When you're struggling with debt, the thought of bankruptcy might cross your mind. But what would that mean for your...
Read More

Is a Reverse Mortgage Right for Me?

Reverse mortgages in Florida are loans that allow homeowners 62 and older to borrow against the equity in their homes....
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

NACBA Logo avvo1 avvo2 avvo3 LEA BBB Logo

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions