Medical bills are a huge problem for many Americans who struggle to stay on top of them. Even for the insured, one illness or hospital stay can be enough to totally disrupt a family's budget. While many of the larger hospitals and some smaller providers of medical services are willing to put patients on no interest payment plans, the amount that needs to be paid per month is generally dictated by what the hospital will accept and not what the patient can actually afford. Sometimes it may be more helpful to actually negotiate the bill down. Providers may want to be paid in full for less now, rather than waiting to get the whole amount over a number of years. This keeps their administrative costs of collection down. Another incentive in negotiating a bill down is offering to pay by check as oppossed to a credit card which caries hefty processing fees for the provider.
If you cannot negotiate your medical bill down or get on a payment plan that works for you, you may want to look into the possibility of bankruptcy, putting you back in control and not being dictated by what the hospital or doctor's office tells you they want. Many good, honest people who have a legitimate hard time paying their medical bills find the relief that they need in bankruptcy. If you are stuggling and don't have a way to get your medical bills paid, contact O'Connor Cadiz Law and talk to a lawyer who will give you an honest assesment of your options. Located in Schaumburg and Itasca, we are here to help you.