The healthcare industry is booming and Kansas City residents are feeling the stress of having to take on medical expenses that never seem to go away.  Even with health insurance, any out-of-pocket medical expenses can place you in what you feel is financial ruin.  It is unfortunate that people receiving medical care are at risk for harming their credit if unpaid medical bills are sent to collections.  Collection matters appear on your credit report if payments are not made, and this can make it very difficult for you to obtain credit in the future.  Further, because the cost of medical care is so high, many people have stopped going to the doctor simply because they cannot pay for such medical services.

What are My Options?

Many people simply ignore medical bills because they do not have the ability to pay them, and they do not realize that they can take certain steps to manage the debt.  The first thing to keep in mind is that time is of the essence when dealing with debt you cannot pay.  The sooner you act to notify the medical provider that you cannot pay for your treatment, the more likely you will be able to come up with a payment arrangement that is manageable for you financial situation.  If you ignore the medical bills, the medical provider will ultimately send your unpaid bill to collections.  You will receive notifications by mail that reflect your past due amounts and this information can harm your credit report if your unpaid debt is sent to collections.

In order to prevent harm to your financial health, you will need to come up with a reasonable monthly payment that you can make to the medical provider in order to pay off the debt.  Most payment arrangements between medical providers and patients do not include the assessment of interest charges.  Medical providers will work with you to determine the amount you are able to pay each month, even if that amount is as low as $15 or $20.  While repayment plans can be very helpful for patients, if the medical debt in question is extremely high, bankruptcy may be the best option for you to eliminate your medical debt in a relatively short period of time.  Otherwise, you may be paying off medical expenses for ten years or longer.  Bankruptcy is not for everyone, so additional factors aside from the amount of medical debt you have should be seriously considered before making the decision to file for bankruptcy.

Contact Kansas City Bankruptcy Attorney Douglas Breyfogle to Schedule a Free Consultation

If you are facing an enormous amount of medical expenses and you have been unable to pay such expenses, it is time to act and speak with a Kansas City Bankruptcy Attorney to discuss your financial situation.  The cost of medical treatment puts many people into debt and discourages them from seeking additional medical treatment.  It is often a lose-lose situation for many people, and while this is unfair, unpaid medical bills must be dealt with.  It is possible to overcome your medical debt, but it is always a good idea to have an attorney by your side to help you with the entire process to ensure you are making the best financial decisions for your particular situation.  Douglas Breyfogle is a Kansas City Bankruptcy and Debt-Relief Attorney with more than twenty years of experience providing outstanding legal services to Kansas City residents.  To discuss your financial situation with Douglas Breyfogle, contact our office today by calling (913) 742-8700 to schedule a free confidential consultation.