4 ms·
medical bills get sent to collections just like any other bill
by damontal 5y ago
medical bills get sent to collections just like any other bill
- xwdv 5y agoPart of the reason why health insurance is so expensive is that so many simply do not pay their bills. You subsidize all these people with your premiums.
- ars 5y agoAnd that's where they stay. Nothing happens if you just ignore them.
- olyjohn 5y agoDoesn't that destroy your credit?
- xwdv 5y agoNo
- olyjohn 5y agoI think that you are wrong: https://www.experian.com/blogs/ask-experian/medical-debt-and-your-credit-score/ https://www.experian.com/blogs/ask-experian/medical-debt-and... > Medical bills will not affect your credit as long as you pay them. However, medical debt is handled a little differently than other types of consumer debt. Since most health care providers don't report to credit bureaus, your debt would have to be sold to a collection agency before appearing on your credit report. Most medical providers won't sell the debt to a collection agency until you are 60, 90 or even 120 days or more past due. Exactly when that happens depends on your health care provider. Sounds to me like it's still going on your credit report. Just might take a little longer.
- anamax 5y agoCredit ratings are only relevant when you're doing business with businesses that look at credit ratings. Most don't. Large fractions of the US economy run on cash. Debit cards and secured cards don't require a credit rating but allow access to most of the benefits of credit cards.
- olyjohn 5y agoMost obvious thing I've read all day. Credit only matters when your credit is being checked...
- anamax 5y agoThe point is that a "destroyed credit rating" only matters if your credit rating matters. For many people, their credit rating is irrelevant. For folks with unpaid medical bills, their credit rating is often in the crapper anyway (because loss of income tends to do that), so unpaid medical bills don't matter.