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The Epidemic of Medical Debt Due to Long COVID
As the world continues to grapple with the effects of the COVID-19 pandemic, another concerning issue has emerged—the epidemic of medical debt due to Long COVID. Long COVID, characterized by persistent symptoms and long-term effects following a COVID diagnosis, has become a new and challenging illness for both patients and the medical industry. Insurance companies…
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The Connection Between Marriage, Family, Relationships, and Medical Debt
We’re here to discuss an often-overlooked aspect of personal finance – the deep connection between marriage relationships, family dynamics, and medical debt in the United States. We’ll offer you caring advice and friendly solutions to help ease the burden of financial stress, specifically marital stress, often associated with medical debt. How Marriage and Medical Debt…
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Got A Predatory Medical Bill? Here’s What To Do!
Receiving a medical bill can be overwhelming, especially if it is a predatory medical bill. Here we’re going to discuss what a predatory medical bill is, and we’ll provide you with the steps to crush your medical debt. By following these steps, you can make sure that you only pay for the honest care you received…
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The #1 Thing People Do to Destroy Their Financial Future: Not Having Medical Insurance
Securing your financial future requires careful planning and protection against unexpected expenses. Surprisingly, the number one mistake people make, which can lead to financial ruin, is not having medical insurance coverage. We know that it can be hard to find affordable health insurance, especially when you’re young and don’t make a lot of money, but…
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The Top 5 Medical Money Mistakes Costing You and Your Family’s Financial Future!
Medical debt can be a significant burden on family finances, especially when unexpected expenses arise. However, some common money mistakes can exacerbate the situation and negatively impact long-term financial stability. In this article, we’ll discuss the top 5 medical money mistakes that people make and offer solutions to avoid them. By following these steps, you…
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What is Unbundling – the Definition of Unbundling in Medical Billing
Medical billing can be a confusing and daunting process for patients. One term that may come up in the process is “unbundling.” Unbundling in medical billing refers to the practice of breaking down a medical service or procedure into its individual components and billing separately for each component. This practice can be used by healthcare…
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What is Balance Billing with Health Insurance, and How Can You Fight It?
The cost of medical care in the United States is astronomical, and even with health insurance, patients can still find themselves facing significant medical bills. One of the ways in which patients can find themselves facing unexpected costs is through a practice called balance billing, which occurs when a provider bills a patient for the…
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What to Do If Your Medical Bill Is Sent to Collections–How to Negotiate a Lower Payment with a Debt Collector
Medical debt can be a heavy burden on anyone’s financial situation, but it’s especially stressful when debt collectors start calling and demanding payment. However, there’s a silver lining: you can learn how to negotiate a debt settlement with a collection agency. With a little bit of knowledge and a lot of persistence, you can significantly…
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5 Reasons Why Insurance Didn’t Cover Your Medical Bill
Medical debt is a significant financial burden for many people in the United States. According to a study by the Consumer Financial Protection Bureau, over 43 million Americans have medical debt on their credit reports. One common cause of medical debt is the failure of health insurance plans to cover medical bills. Why Did Your…
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How to Submit Unpaid Medical Bills to Medicaid
Medical bills can be a financial burden, especially when you’re not expecting them. Fortunately, there are programs in place to help individuals who are struggling with medical bills. One of these programs is Medicaid, which is a government-run health insurance program designed for low-income individuals and families. If you’re facing unpaid medical bills, Medicaid may…