How Do You Find Out If You Owe Back Taxes – If you don’t pay your medical bills, your health care provider can sell the debt to a collection agency, which can then try to collect on the debt.
But medical debt doesn’t necessarily affect your credit score, even if it goes to a collection agency. Starting July 1, 2022, paid medical debt that was in collection will not appear on credit reports. Plus, the time it takes for unpaid medical debt to show up on your credit report was extended to a year, giving you additional time to pay it off before it affects your credit. In the first half of 2023, the major credit reports will also not include any medical debt in collections under $500 on credit reports.[1]
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In this post, we’ll go over what happens to an unpaid medical bill, how it affects your finances, and what to do if you can’t afford your medical bills.
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If you don’t pay your medical bill, your doctor will try to collect what you owe. If they can’t collect it after several months, they can sell your debt to a debt collector.
How unpaid medical bills become medical debt, and what happens to that debt once it goes into debt collection, usually looks like this:
Healthcare costs can be very high. Some medical bills can even be unexpected, like emergencies you couldn’t have planned for. Regardless of the situation, there are steps you can take to reduce the cost of your medical bills, whether they’re new medical expenses or old bills that end up in collections.
The first step in managing your medical bills is to check the bills for accuracy. Make sure your personal information, such as your name, address, and health insurance information, is accurate and that the correct treatments and services are listed, including whether your care is considered in-network or out-of-network.
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If you find any errors, you should contact your doctor or health insurance company to remove the incorrect information and adjust the bill if necessary.[4]
If your invoice is incorrect, collect evidence from your bills, your payment receipts, your insurance contract and your doctor and note where there are errors. You can dispute these inaccuracies with both the provider and your insurance company if the amount you are charged is incorrect.[5]
Just because your insurance company initially denies a medical claim doesn’t mean they definitely won’t cover it. You have the right to appeal the insurance. If you believe that a procedure or other care expense should be covered by your insurance coverage, you can ask your insurance company to reevaluate its payment or benefits decision.[6]
Depending on where you live, what your income level is and the amount of your medical bill, you may qualify for financial assistance programs. Many programs aim to serve the uninsured, low-income, and more. Here are some financial aid options you may be eligible for:
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If your medical bill has not yet gone to collections, you can contact your provider directly to negotiate the bill if it is more than you can afford.[5] Some providers may be willing to pay the bill for a smaller amount, while others may be more flexible about how long it takes to pay them.
If you can’t afford to pay a lump sum upfront, try discussing payment plan options with your provider’s billing department. You may qualify for an interest-free plan or an income-driven hardship plan.
You can also ask if your provider knows of resources that offer financial assistance for general medical expenses, such as prescription drugs or other medical expenses, to show them that you want to avoid collections if possible. They may be willing to work with you, so it never hurts to ask.[5]
If debt collectors have started contacting you about your unpaid medical bills, they should send you a debt collection validation notice that tells you what you owe.[9] If they don’t send you a debt collection validation message within five days of contacting you, you should check with them that the bill is correct by asking them to send you a debt collection letter if they haven’t. You can write a debt acknowledgment letter and request information specific to the debt you owe.[3]
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As a patient, you have rights. Here are some federal protections in place for patients and what they mean for you and your medical debt.
In the same way, you have rights as a consumer that protect you from debt collection companies. Debt collectors may try to take advantage of you if you don’t know your rights regarding what they can and cannot do. If a debt collector does something they are not allowed to do when collecting your debt, you can file a complaint with the Consumer Financial Protection Bureau (CFPB).[12]
Here’s an overview of what debt collectors can and can’t do, as outlined in the Fair Debt Collection Practices Act:
Also, be on the lookout for scammers who try to pose as debt collectors. Never give out your personal information or send money to a debt collector unless you have verified that they are a legitimate debt collection agency.
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Some medical debts may still show up on your credit history, affecting your credit score. However, the three major credit bureaus – Experian, Equifax and TransUnion – have announced the following changes to medical debt reporting:
The debt does not go away until it is paid.[3] No matter what your personal financial situation is, have tools to help you get back on track. Whether you’re working to pay off debt in debt collection, or looking to build your credit, we can provide you with the resources you need.
Ana Gonzalez-Ribeiro, MBA, AFC® is an Accredited Financial Advisor® and a bilingual personal finance writer and educator dedicated to helping populations in need of financial literacy and advice. Her informative articles have appeared in various news outlets and websites, including the Huffington Post, Fidelity, Fox Business News, MSN and Yahoo Finance. She also founded the personal financial and motivational website www.AcetheJourney.com and translated the book Financial Advice for Blue Collar America into Spanish by Kathryn B. Hauer, CFP. Ana teaches Spanish or English courses in personal finance on behalf of the W!SE program (Working In Support of Education) has taught workshops for non-profit organizations in NYC.
Our goal is to provide readers with timely and unbiased information on credit, financial health and related topics. This content is based on research and other related articles from trusted sources. All content on is written by experienced contributors in the financial industry and reviewed by an accredited person(s).
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By submitting my information, I agree to the Terms of Service, Consent to the Use of Electronic Documents and Signatures, Privacy Policy, Disclosure of Consumer Reports and Customer Identification Program. Losing a loved one is never easy, and it can be even more complicated if you owe them money. It is common for people to accept loans from family members or friends. It could be to help pay for deposits, home repairs, to cover business investments or help pay for large purchases, to name a few.
As a debtor, you may wonder about your responsibilities and how the death of a creditor affects your obligations. Because the loans are handled “informally,” they tend to lack clarity about what will happen if the lender leaves. We know from experience that this can lead to problems.
In this advice article we will explore what happens if you owe money to someone who has passed away. We will explain the legalities of assets and liabilities, tell you if you still owe money after your creditor dies, when a loan becomes a gift and what steps you can take to resolve the situation without any legal complications. Read on for a comprehensive guide on this topic.
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Assets and liabilities are crucial components of property management. It is essential for the executor to have a comprehensive understanding of the deceased’s financial situation before they can make any decisions about any form of debt repayment.
This evaluation helps determine whether there are sufficient funds to cover the debts owed by the deceased, and in turn, whether any debt owed to them must be repaid to the estate.
Various factors must be considered when an executor makes a decision about debt to the estate, such as the type of debt, whether a written agreement was drawn up, what was stated in the deceased’s will and how much money is owed. It will likely be taken into account
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