The Current Status of Medical Debt Credit Reporting

By: Robert J. Nahoum On April 11, 2023, the three major credit reporting agencies, Equifax, Experian, and TransUnion, (the CRAs) announced that that medical debt with an initial reported balance of under $500 has been removed from U.S. consumer credit reports.  This announcement comes after a 2020 file issued by the, the Consumer Financial Protection Bureau (CFPB) requiring credit reporting […]

Developments in Medical Debt Collection to Help Consumers

By: Robert J. Nahoum Medical debt collection has become a hot topic in recent years, as healthcare costs continue to rise, and more people struggle to pay their medical bills. According to a study by the Consumer Financial Protection Bureau (“CFPBâ€), around 43 million Americans have medical debt on their credit reports, with the average amount owed being around $579. […]

I have Insurance, Why am I Getting Medical Bills

Despite being fully insured, too many working people continue to get medial bills.  The bills often make little to no sense and getting straight answers from your insurance carriers and the healthcare providers who blame each other is frustrating. There are only three reasons why anyone with health insurance should receive medical bills: Deductibles, Co-Payments, Co-Insurance.

Why am I Getting Medical Bills?

By: Robert J. Nahoum THE PROBLEM You were in an accident, became sick or perhaps contracted the coronavirus.  You seek appropriate medical care and are thankful to have recovered.  Nothing more to worry about because you are fully insured through an employer-based health insurance plan- right?   Despite being fully insured, you continue to get medial bills.  The bills make […]

Sued For a Medical or Hospital Bill In New York?

  By: Robert J. Nahoum You were in an accident or became sick.  You had no choice but to seek medical attention even though you are uninsured or underinsured.  You’ve been slapped with a hefty medical bill that just can’t afford to pay.  The collection agencies have been calling, writing letters and harassing you.  You have explained over and over again […]