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Millennials struggling with medical debts

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Millennials struggling with medical debts

Millennials struggling with medical debts

Trying to catch up on Game of Thrones episodes before Sunday night's final season premier?

About 20 percent of millennials in their late twenties and thirties are uninsured.

This means many young may have to pay hefty health bills, which can lead to medical debt.

How can they overcome their financial hardships?

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Millennials struggling with medical debts

NEW ON DAYBREAK ... AVOIDINGHEFTY HEALTH BILLS.

NEARLY ONEIN FIVE MILENNIALS ARE UN-INSURED AND EASILY FALL INTOMEDICAL DEBT.

THIS MORNING...CONSUMER INVESTIGATOR KRISTENBYRNE LOOKS INTO WAYS TO HELPYOU AVOID YEARS OF PAYMENTS.MEDICAL DEBT IS THE MOSTCOMMON BURDEN IN COLLECTIONSIN THE UNITED STATES.

YOUNGPEOPLE HAVE THE MOST MEDICALDEBT... EVEN THOUGH THEY SPENDTHE LEAST ON HEALTHCARE.

IFYOU'RE FACING MEDICAL DEBT,DON'T JUST SIT BACK AND WATCHIT ACCUMULATE.

FIRST CALL YOURPROVIDER AND SEE IF YOU CANNEGOTIATE THE BILL TO A LOWERPRICE.

MAKE SURE YOU HAVEDETAILS ABOUT YOUR INCOME ONHAND.

ALSO ASK ABOUT A PAYMENTPLAN.

MANY PROVIDERS WILLBREAK UP YOUR BILL, SO YOU CANPAY IT OFF OVER SEVERALMONTHS.

IF THEY WON'T DO THIS,YOU MIGHT WANT TO TRANSFERYOUR DEBT TO A ZERO PERCENTA-P-R CREDIT CARD IF YOUQUALIFY.

AND CONSIDER HIRING AMEDICAL BILL ADVOCATE WHO CANHELP YOU NEGOTIATE A LUMP SUMSETTLEMENT WITH THE CREDITOR.ALTHOUGH SOME MEDICAL BILLSARE DAUNTING, MANY ARE MODESTIN SIZE.

IN FACT A RECENTSTUDY FOUND MORE THAN HALF OFPAST-DUE HEALTH CARE BILLSAMOUNT TO LESS THAN 600DOLLARS EACH.

IM CONSUMERINVESTIGATOR KRISTIN BY




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