Popular on EntSun
- Female Motorsports Sponsorship & Expansion; Acquisition Agreement of UAE-Based Sports Incubator by Online Lottery & Sports Game Provider: Lottery.com - 243
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator - 221
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures - 216
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement - 207
- BillBoards Inc. Hits the Road with God Bless America Tour and Reality Series Now Streaming on Tubi TV - 157
- Token-Operated Sake Service Opens at Tobu Nikko Station - 134
- Honoring Black History, Culture, and Community in Fall River - 131
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research - 125
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits - 117
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI) - 111
Similar on EntSun
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
Debt.com survey: When health suffers, finances go on life support
EntSun News/10837864
FORT LAUDERDALE, Fla., Sept. 16, 2020 /PRNewswire/ -- Even adults who do not contract COVID-19 are facing a healthcare crisis. A Debt.com survey of more than 1,000 American adults reveals 56 percent of respondents had medical debt sent to collections and nearly two-thirds owed under $5,000, while 5 percent owed over $50,000.
According to respondents, hospitalization accounts for a quarter of the medical debt. The next three causes are:
"We often hear horror stories about chronic conditions or complicated surgical procedures that drive up medical bills to shocking levels," notes Debt.com president Don Silvestri. "This survey shows that even smaller amounts can overwhelm your income and savings. The result is a debt collector pursuing you." Very few Americans know that there are experts who can help them deal with medical debt negotiations and collectors.
More on EntSun News
Surprisingly, 60 percent of respondents didn't try to negotiate medical debt payments or their bill, whereas nearly 35 percent did negotiate on their own. Just under 5 percent used a medical billing advocate.
Debt.com advises asking these five questions if medical debt is sent to collections:
"Just like every other form of debt, there are professionals who can help you," Silvestri says. "Whether it's credit cards, student loans, or medical bills, not consulting a pro can literally cost you."
About: Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers 'when life happens'.
SOURCE Debt.com
According to respondents, hospitalization accounts for a quarter of the medical debt. The next three causes are:
- Diagnostic test (X-rays, MRIs, lab fees) – 22 percent
- Emergency room visits – 19 percent
- Doctor visits – 15 percent
"We often hear horror stories about chronic conditions or complicated surgical procedures that drive up medical bills to shocking levels," notes Debt.com president Don Silvestri. "This survey shows that even smaller amounts can overwhelm your income and savings. The result is a debt collector pursuing you." Very few Americans know that there are experts who can help them deal with medical debt negotiations and collectors.
More on EntSun News
- Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
- The Battle for the Enchanted Forest Brings Fantasy, Fun, and Fundraising!
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
Surprisingly, 60 percent of respondents didn't try to negotiate medical debt payments or their bill, whereas nearly 35 percent did negotiate on their own. Just under 5 percent used a medical billing advocate.
Debt.com advises asking these five questions if medical debt is sent to collections:
- Can the collection agency verify the debt?
- Can I dispute the debt?
- Is the debt outside the statute of limitations?
- Can I stop medical debt from hurting my credit?
- Can I work out a settlement or payment plan?
"Just like every other form of debt, there are professionals who can help you," Silvestri says. "Whether it's credit cards, student loans, or medical bills, not consulting a pro can literally cost you."
About: Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers 'when life happens'.
SOURCE Debt.com
Filed Under: Business
0 Comments
Latest on EntSun News
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Meet a Scientologist Captures Greece's Timeless Beauty with Videographer Lambros Malamas
- Vinnetwork Unveils Decentralized AI Platform with Vinnetwork(VIN) Token to Challenge Tech Giants' Data Monopoly
- Centennial Flyers to Become Colorado's First Launch Customer for All-Electric B23 Energic Aircraft
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- Voices for Humanity Builds a Better Future for Ghana with Richmond Atta-Williams
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Heartfelt Dreams Foundation Launches Campaign to Build CHD Hospital
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Miami Real Estate Agent Drastically Increases Interest In Homes
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- John Duffy Hosts Sister Irene O' Neill, Founder and President, and Kelly Mallon Young
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- American Made Ivey Abitz Bespoke Clothing Travels for Summer
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros