February 5, 2012

Alternatives to “Medical Bankruptcy”

photo by carlos.a.martinez via Flickr

We've given this list to people who have no ability to pay for medical services but don't qualify for Medicaid. Despite promises from health care reform legislation, many provisions of which will not be enacted for a few years, people need help gaining access to medical care NOW.Although medical bills are very often part of a bankruptcy estate, there is no such thing as a "medical … [Read more...]

Until Health Care Reform Takes Effect

While a large number of bankruptcies include medical expenses, there is no such thing as a "medical bankruptcy." Thankfully, health insurance reform will push fewer clients over the financial edge.While the full bill won't be enacted for four more years, several changes are now in effect:More services will be paid in full, regardless of deductibles and copays The lifetime benefit "cap" … [Read more...]

I want to file a “medical bankruptcy”

Choked by Health Care Costs?

We get calls asking for a "medical bankruptcy" nearly every day.There is no such thing. Medical bills are similar to credit cards -- unsecured debt When you file for bankruptcy protection, your medical creditors are in your filing alongside all the others, including credit cards, vehicles, real estate, business loans you guaranteed, etc.That said, medical bills are often a factor in the … [Read more...]