It is reported that a third of American adults have unpaid medical debts that are causing financial anxiety. Michigan residents who are desperate to find a way to manage medical debt may find comfort in knowing that there are ways to go about obtaining possible reduction in charges or extended payment periods. It is interesting to note that it is not only uninsured people experiencing overwhelming medical debt, but also those who have medical insurance.
Armed with a detailed statement of medical service charges, a person can set about checking each charge individually. The availability of the Internet is a great help, and fair prices for most treatments and procedures can be researched. A patient may want to compare the charges on his or her statement with the reimbursement that medical insurers would pay for the same services. It is also important to control the individual charges on the bill with treatment and services that were actually provided. It is not uncommon for a facility’s billing department to, for instance, erroneously charge for medication that was administered three times a day, while, in fact, it was only done once a day.