To Review and Process Our Bill for Payment Letter
Medical bills tin add together upward quickly in the event of a medical emergency or serious affliction.
For example, afterward an automobile accident, the victim may require expensive surgery and possibly rehabilitation and long-term care.
Insurance may cover some, but not all of the expenses. Many people don't realize that medical debt is similar to credit carte du jour debt in that it is unsecured debt, and the amount owed can be negotiated.
Sending a medical debt settlement letter is the way to start the process of reducing medical bills.
Medical Manufacture Is Notoriously Inflexible
The medical industry is notoriously inflexible when it comes to collecting medical bills, but consumers need not be coerced into paying more they can afford each month or taking out a loan to pay the bills. This will just put the consumer in worse financial difficulty.
The first affair the consumer should do isverify the details of the debt. Hospitals and other medical service providers brand errors in their billing. Studies have shown that more than than 80 percent of hospital bills have errors.
The consumer should accept the fourth dimension to scrutinize the nib or ask a friend or family member to exercise it. There are websites that show how to read a medical bill. This could dramatically reduce the corporeality owed on the bill.
The next pace to accept is to negotiate with the dispensary, doctor or infirmary for an affordable repayment plan. The consumer should non accept big cash advances on their credit bill of fare to pay the nib. This may disqualify them for Medicaid in the time to come.
Medical Creditor
The consumer should notify the medical creditor as soon as possible that they can't repay the debt. In the by, medical facilities waited 150 days before referring an unpaid debt to a collection agency, but this is changing.
They could refer the debt in as little every bit 60 to xc days, so information technology is important for the consumer to brand a asking before the debt is shifted to a collection agency. Collection agencies have been known to sue debtors for as footling as $100 debt.
The consumer should proceed meticulous records of all the dealings with the medial creditors including the names, phone numbers, dates and time of anybody with whom the consumer spoke during the process.
They should likewise brand a payment each month on the bill, even if information technology is but a small-scale amount. This will tell the creditor that the consumer is serious about paying their debt.
Some tips for writing a medical debt settlement letter:
• The alphabetic character should be as short as possible. Ane folio should be enough, but never more than than 2 pages. If it is too long, it may get tossed in the trash.
• The letter should include a few fiscal details such equally the consumer's source of income and the monthly corporeality they pay on whatsoever large debt such as a home mortgage.
• The letter should be courteous and polite because the consumer is asking for aid and shouldn't use a enervating tone.
• The letter should requite some detail about financial hardship. For example, if the medical condition has made it impossible to work for some time, which has acquired the income to be profoundly reduced, the details should be clearly stated.
• The letter of the alphabet should clearly country a settlement offer. This includes the exact amount, when information technology will be paid and the payment method.
• The consumer should take the time to find out the name of the person who volition receive the letter. If in that location is no response within 48 hours, there should be a follow-up letter or phone call.
Consumer Needs
If the medical institution or caregiver agrees to the settlement, the consumer needs to get a written document that states the agreed dollar amount of the reduced debt.
Information technology is ameliorate that the creditor writes the agreement letter of the alphabet on their letterhead, and not only signs a letter written by the consumer.
Here is a sample medical debt settlement request letter. Information technology should exist sent by certified mail so that the consumer has a tape of the time and date it was received.
If any medical or insurance documents need to be included, they should be copies and not original documents.
Medical Debt Settlement Request Letter Template
Your Proper noun
Your Address
City, Country, Nix Code
Engagement
Recipient's Proper noun
Recipient's Accost
Metropolis, Country, Zip Code
Honey Name of Recipient,
The purpose of this letter is to formally request a settlement for the medical bills I owe your hospital.
I regret that I am unable to pay the bill in total at this time because my monthly income has been profoundly reduced after the automobile accident in which I broke both of my legs.
I am requesting a payment plan of $100 per month until the time that I am able to go along working and receiving my usual salary. The rehabilitation may take from half-dozen to ix months.
At this time, my income is $ and I take a abode mortgage of $ to pay. I will pay by check on the 18th of each month beginning Date.
If this is agreeable to you lot, kindly transport me a letter of the alphabet stating the repayment details every bit I have described. I tin can be reached at 555-123-4567 or a Name@email.com, and I would be happy to talk to you and requite you more than details at any fourth dimension.
Sincerely,
Your Signature
Your Printed Name
List of Enclosures: Resume
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- Writing a Debt Settlement Request Letter [with Sample]
Source: https://requestletters.com/home/how-to-write-a-medical-bill-settlement-letter
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