medical
Paying medical bills: what you need to know
Unpaid debts, such as mortgages, auto loans, student loans, and credit card debt, are different from medical debt because circumstances are almost always beyond your control. As a general rule, people don’t choose medical debt, but it can still take you by surprise and cause financial burden. Keep reading to learn how to create a […]
What is life insurance without medical examinations?
When you apply for a life insurance policy, you are often required to undergo a medical examination. During the examination, the insurance company doctor takes your vital organs, reviews your medical history, and asks questions about your work, lifestyle, and hobbies. Based on the results of your medical examination, the life insurance company determines whether […]
What to do if you get medical bills you can’t afford
You are young. You are healthy. But that doesn’t mean you won’t have a medical emergency tomorrow and be stuck with huge bills. These bills can get huge very quickly and it can be tempting to just ignore them. But let’s be clear here – you have to pay them. According to the Consumer Financial […]
Does Medical Debt Really Go Away After 7 Years?
Medical debt can be crippling. Even the most financially responsible people can suddenly receive a four- or five-figure bill from the hospital that exceeds their emergency budget. All this unpaid debt keeps the collection agencies in the United States going. The Consumer Financial Protection Bureau estimates that in the second quarter of 2021, more than […]
Credit bureaus will stop counting medical debts
Medical debt, away! Something like. The three major credit bureaus in the US – Experian, TransUnion and Equifax – announced that almost all medical debt (about 70%) will be removed from credit reports this summer. Earlier this year, The Consumer Financial Protection Bureau (CFPB) found that medical debt is the most common form of debt […]