158. Managing Medical Debt
Despite our best efforts to budget, save, invest, and be careful with our spending, a single medical emergency can present significant challenges to even the most thorough of financial plans. Given the ever rising price of healthcare and healthcare...
Despite our best efforts to budget, save, invest, and be careful with our spending, a single medical emergency can present significant challenges to even the most thorough of financial plans. Given the ever rising price of healthcare and healthcare insurance, what can we do to help manage the impact of these costs on our finances? That’s the conversation that Vince has on this episode of CFO at Home with Robert Hertz, retired insurance agent and crusader against medical debt. You can learn more about Robert and his mission by going to theantidebtagenda.com
(05:10) Initial Avoiding and dealing with accumulated medical debt
(13:50) Beyond the initial steps
(14:05) Under some federal legislation, unpaid medical bills are not reported to credit bureaus
(21:03) Some doctors and even some hospitals will give you a payment plan
(25:12) There are a couple of things that can be done nationally to reduce medical debt
Ways to contact/follow:
Contact the Host - vince@thecfoathome.com
