How to tackle your medical debt

Yahoo Finance Video
8,676 次觀看・5 個月前

A recent KFF report reveals that 41% of Americans are burdened with medical debt. Monique White, Self Financial financial expert and head of community, joins Wealth! to share valuable insights for addressing this widespread issue.

White emphasizes the importance of taking a proactive approach to medical debt. She points out a key fact: hospitals typically have an 18-month window before they can report medical debt on your credit report, and they are prohibited from reporting any amount less than $500.

To tackle medical debt effectively, White outlines three key strategies. She advises thoroughly reviewing your medical bills for accuracy, reaching out to healthcare providers to establish manageable payment plans, and educating yourself about your rights regarding medical debt.

By following these steps, individuals can better navigate and potentially reduce their medical debt burden.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith