Bryan P. Keenan & Associates, P.C.
Free, Fresh-Start Consultation 412-923-4941

Providing The Advice And Options You Need To Overcome Financial Problems And Move Forward

A bankruptcy attorney who cares about you and your future. Don't let debt problems disrupt and define your life.

Bryan P. Keenan

Buying time for consumers needing help with medical debts

Medical debt has reigned supreme as the number one financial burden that leads to bankruptcy filings. A 2016 study revealed that approximately 43 million or 20 percent of American adults faced challenges in covering healthcare costs, including those who have insurance coverage.

Those who can pay unexpected and extremely high medical bills end up depleting their savings. Those blindsided by the costs that cannot cover the costs have their accounts placed in collections.

Disputing a medical bill seems to be a Herculean task for many. The waiting game causes balances to go past due, resulting in not only late payment fees, but also a lower credit score that creates obstacles in securing loans at affordable interest rates.

Relief is on the way. On September 15, Experian, Equifax and TransUnion will launch a program to help consumers take control of their medical debts. The three prominent agencies will provide consumers more time to fix errors and resolve disputes with medical providers and insurance companies.

Debtors will now have a 180-day waiting period before unpaid medical bills show up on their credit reports. They can use that time to have charges reduced or eliminated, pay the bill, or have the insurance company cover the expenses.

Another component of the new plan is to remove medical debt from credit reports and credit histories if the health insurance company ends up paying the bill.

While the extra time helps, changes will not help people who cannot pay their medical bills now or in the future. The account going delinquent will still show up on their credit report as unpaid debt. For them, bankruptcy may be their only option.

No Comments

Leave a comment
Comment Information
Email us for a Response

Solutions May Be Just An Email Away

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Bryan P. Keenan & Associates, P.C.

993 Greentree Road
Suite 101
Pittsburgh, PA 15220

Phone: 412-923-4941
Fax: 412-444-0158
Pittsburgh Law Office Map