The primary aim of a bankruptcy attorney in Southern California is to assist clients in downsizing their debt liabilities to a bearable extent. At Law Offices of Terrence Fantauzzi, we extend the service of Chapter 7 and Chapter 13 bankruptcy filings, facilitating our clients on their journey toward financial liberation in the manner that suits them best.
For instance, an option could be to entirely discharge medical debts via Chapter 7, given that such debts are categorized as unsecured debts. On the other hand, if Chapter 7 doesn’t seem a viable option, you can still lighten your debt load and reduce your monthly medical bill payments through Chapter 13. Interestingly, our aspiration for our clients is to be in a financial stance where the necessity for a bankruptcy attorney in Southern California does not arise at all.
Here’s some guidance on dodging medical debts, which, according to our observations, are significant contributors to the bankruptcy cases we come across.
Opting for Catastrophic Health Insurance
In cases where standard health insurance is out of reach or not a preference, acquiring catastrophic health insurance is a wise choice. This type, also referred to as a High Deductible Health Plan, safeguards you against accumulating an overwhelming amount in medical bills in unforeseen serious illness or accident scenarios. Although you might face a deductible of a thousand dollars or beyond, your monthly outlays will remain relatively low. This form of insurance can be a lifesaver, averting the path that leads to bankruptcy court following unforeseen health mishaps.
Scrutinizing for Billing Discrepancies
Occasional overbilling for medical care is not a rarity. It’s prudent to meticulously compare your bills against the explanation of benefits provided by your insurance (if available). Ensure the correct billing codes have been employed and cross-check for any charges for procedures that weren’t performed. Disputing discrepancies with the insurance company or the medical facility might extend over months, yet with persistence, correction of errors and saving on your bills is achievable.
Initiating a Payment Plan Promptly
Facing difficulties with your medical bills? It’s advisable not to procrastinate until they become overdue or enter collections to explore a payment plan. Seek assistance at the earliest. Requesting a revised payment plan as soon as financial strain is felt can be a game-changer in managing your bills and evading the unwanted attention of debt collectors in the future. In certain scenarios, medical facilities might be willing to lower your principal or your interest rate to aid you in fulfilling your obligations.
Bankruptcy: Not the End of the Road
Being engulfed by medical bills isn’t a dead-end. A visit to your amiable local bankruptcy attorney at Law Offices of Terrence Fantauzzi in Southern California could unfold if filing for bankruptcy aligns with your situation. Call us today at (909) 552-1238 and let us guide you through the process, empowering you to make informed decisions and regain control over your financial health.