What is the best way to deal with medical debt?
March 2, 2011 6:39 AM Subscribe
A few months ago, I was hospitalized several times and ended up with a slew of medical bills that total close to $90,000. Insurance has fortunately paid off most of it, but I am still left with about $5,000 in bills to a variety of hospitals, doctors, and services that I am responsible for. I do not have great credit, so I don't have a credit card I can just charge these bills to. I do not have much in savings, about $1,000. How can I make the best of the situation?
posted by anonymous to Work & Money (19 answers total) 6 users marked this as a favorite
Of the $5,000, I can probably pay off $1000 in the next few weeks. What is the best strategy to pay the bills that are too large immediately for me to pay? Call the billing offices individually and ask for a reduction? Ask if I can set up a payment plan? And do I tell them what I can afford to pay each month?
I've had friends who said don't even bother calling them. Just pay them off $10 a month. But I don't want to spent the next 20 years of my life paying off medical debt.
I have just spent the last 10 years of my life paying off other debts. Until this happened, I only owed $3500 left out of what once was $10,000 in credit card / student loan debt and I was finally starting to see the light at the end of the tunnel and feeling proud of myself. Now this. $5,000 just seems devastating to me, on top of the worries I already have about my own health. I don't want to get into even more of a financial mess, so please. Help. Me. Cope. (This is in the USA.)