Insured Woman Gets $18K Bill for Using an In-Network Doctor

Managing Debt

Insured Woman Gets $18K Bill for Using an In-Network Doctor

Insured Woman Gets $18K Bill for Using an In-Network Doctor

“I’ve always paid my bills. I had excellent credit.” That’s Nancy Gomez speaking with CBS Los Angeles about her ordeal. She’s a Californian with PPO insurance — and thousands of dollars in medical debt. Though Gomez is fully insured, she says she received an $18,000 bill for a treatment with an Encino pain specialist in her network,... Read More

There Have Been Double-Digit Increases in Medical Costs in Just a Year

Managing Debt

There Have Been Double-Digit Increases in Medical Costs in Just a Year

There Have Been Double-Digit Increases in Medical Costs in Just a Year

Anyone who’s reviewed their health insurance statements is well-acquainted with just how high medical bills can climb. Now, a new analysis from TransUnion found that consumers are increasingly being asked to shoulder the costs. Per the credit bureau, patients saw a 13% rise in both deductible and out-of-pocket maximum costs between 2014 and 2015. The average deductible for consumers in 2015 was... Read More

The Proposal That Could Keep Medical Debt From Trashing Your Credit Score

Credit Score

The Proposal That Could Keep Medical Debt From Trashing Your Credit Score

The Proposal That Could Keep Medical Debt From Trashing Your Credit Score

The 43 million Americans estimated to have medical debt on their credit reports could find some credit score relief should a new Senate bill come to pass. Five senators —Jeff Merkley (D-Ore.),  Dick Durbin (D-Ill.), Richard Blumenthal (D-Conn.), Bob Menendez (D-N.J.), and Chuck Schumer (D-N.Y.) — introduced legislation late last week that would remove paid-off and... Read More

Should You Ever Pay Your Medical Bills With a Credit Card?

Managing Debt

Should You Ever Pay Your Medical Bills With a Credit Card?

Should You Ever Pay Your Medical Bills With a Credit Card?

Since the Affordable Care Act, the large majority of us have health insurance, which means we all have to figure out how we’ll cover co-pays, deductibles and bills for expenses not covered. While paying a co-pay with cash isn’t unheard of, you may find it more convenient to pay with a credit or debit card.... Read More

Do You Need Long-Term Care Insurance?

Personal Finance

Do You Need Long-Term Care Insurance?

Do You Need Long-Term Care Insurance?

Have you thought about long-term care insurance? Most people don’t until they are approaching retirement and the thought of turning over their life savings to a nursing home drives them to consider it. Statistics vary from source to source, but roughly 70% of those over age 65 at some point will need long-term care, defined as... Read More

7 Tips for Negotiating Medical Bills

Managing Debt

7 Tips for Negotiating Medical Bills

7 Tips for Negotiating Medical Bills

Can you imagine buying a car a piece at a time — and trying to figure out what the total cost is? One person sells you the tires, another a steering wheel — oh, and a specialist will give you a transmission. And you need an engine? The cost will depend on which network you’re... Read More

After Cancer, Young Survivors Look for Financial Help

Managing Debt

After Cancer, Young Survivors Look for Financial Help

After Cancer, Young Survivors Look for Financial Help

After surviving cancer twice as a young adult, Samantha Eisenstein Watson found there’s more to the fight than defeating a disease — there’s a financial battle, too. Nearly two-thirds (62%) of cancer survivors fall into medical debt as a result of their treatments, a study from the Washington National Institute for Wellness Solutions found. The report’s... Read More

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