Moon Twp, PA (PressExposure) July 31, 2009 -- For many individuals, medical debt collection becomes an economic nightmare. According to some research, debts related to medical treatment are a major reason for bankruptcy filings. Even those with health insurance may find themselves owing large bills due to an ongoing illness or health emergency. Consumers seem to have many misconceptions regarding the financial aspects of health-related issues. For example, many people may be surprised to learn that health facilities are not required to send invoices to a patientâs insurance company. Of course, many facilities do so as a courtesy to their patients and to help streamline the entire billing process. But consumers are responsible for paying health-related bills, whether or not they have insurance. If the insurance company rejects a bill, the consumer is responsible for paying it to avoid being subject to medical debt collection.
Just as consumers need to be educated to correct any misconceptions, they should also educate themselves about their rights and responsibilities. Whether or not a patient has insurance, she should scrutinize the medical bills she receives. If the patient is too ill to stay on top of the bills and insurance payments, then another family member or close friend should take on this responsibility on behalf of the patient. Statements from the insurance company also need to be reviewed and matched with the appropriate bills. To avoid getting caught up in a medical debt collection process, the patient needs to pay any bills not reimbursed by the insurance company. However, the patient or advocate should understand the reasons behind an insurance companyâs refusal to pay certain health-related costs. Though the health bills need to be paid, the patient can dispute the insurance companyâs decision to reject some bills. Patients can also negotiate with hospitals to set up payment plans.
We introduce ourselves as National Asset Management, a collection agency with specialized skills, working towards recovery of bad debts. Our array of services includes:
* Collection Services * Legal Services * Billing & Invoice Programs * Recovery Services * Judgment Recovery Programs
If you think we can be of any help to you, contact us. Customer Service: