Facts about medical bills sent to collections by HIPAA
If you think paying your bills on time will shield you from damage caused by a collection account, think again. Your credit may be damaged by medical bills you aren't aware of, and your chances are slim. A number of Americans have collection accounts on their credit reports, according to the Consumer Financial Protection Bureau. About one-third of Americans have such accounts. About half of all collection accounts with a named creditor come from medical bills. Your medical bill is likely to be in collections as well. You may not know that you owe anything when your medical bills reach collections. There are four common myths about medical bills that can cost you dearly, and how you can avoid them if you manage your credit and medical expenses more proactively. Removing medical collections from credit report HIPAA Clearly stating what consumers are responsible for is their right. Some people think their medical insurance will cover all expenses, so they owe nothing. This isn't ...