West Palm Beach Medical Debt Attorney
Medical debt is one of the most devastating types of debt to have, as medical debt is typically a type of debt that cannot be avoided. To be sure, accumulating medical debt is usually the result of a severe accident, such as a car accident, or a severe health condition, such as cancer. If you have accumulated medical debt, you may be unsure of what your options are. At the law office of Bruce S. Rosenwater & Associates, P.A., our West Palm Beach medical debt attorneys want to help. If you are struggling to manage the repayment of your medical debt, please call our law firm immediately for the counsel you need.
Options for Managing Medical Debt
The options that you have for managing your medical debt will depend on your individual situation, and it is best to consult with a financial professional or a lawyer before pursuing anything actively. That being said, some options for managing medical debt include:
- Consolidating your medical debt. One option for managing your medical debt is to pursue debt consolidation, which merges all of your bills into one single debt. You can then pay off this debt through a single loan, or through a debt management program.
- Settling your medical debt. In some cases, it is possible to have a portion of your medical debt forgiven. If you have medical debt that you know you won’t be able to repay, ask an attorney about settling your debt. When you settle your debt, you’ll reach an agreement with the debt collector about how much debt you will repay, and by when. A portion of the debt will be forgiven.
- Ask for a payment plan. Medical providers and hospitals will often offer payment plans to patients, which can make paying back large amounts of medical debt much more doable.
- File for bankruptcy. While filing for bankruptcy should not be your first option, it may be your only one. While certain types of debts, such as student loan debts and child support payment debts, cannot be forgiven via a bankruptcy filing, medical debt can be wiped out through a bankruptcy action.
In addition to the above, other recommendations for dealing with medical debt include making sure that the medical services you’ve received aren’t covered by insurance, and making sure you don’t just ignore the debt. While large amounts of debt can be extremely overwhelming and facing them may feel emotional and stressful, ignoring your debt is one of the worst things that you can do.
Call Our Experienced West Palm Beach Medical Debt Defense Attorneys Today
At the law office of Bruce S. Rosenwater & Associates, P.A., we understand how stressful medical debt can be, as well as how unfair medical debt can feel. We don’t believe that anyone should ever have to make a choice between their financial wellbeing and their physical health, and we want to help you if you’ve accumulated large amounts of medical debt. Please reach out to our law firm today for the counsel and support you need.