Medical debt is one of the biggest issues American families face every year when reconciling their finances.
55% of adults are in medical debt with bills worth more than $1,000 for 60% of the 55% in debt, according to The Sun.
Many Americans are saying they’re getting bills that aren’t theirs.
The pandemic has only worsened the issue.
The Consumer Finance Protection Bureau has reported that damage is done with disputed, inaccurate, and medical bills that aren’t owed.
Once Americans discover the inaccurate bills, they struggle to fix the issue and have it end up on their credit report.
Many don’t even see the debt until it hits their credit.
What to do about medical debt that is not accurate
Policies are always improving, and there are ways for people to handle medical debt now.
It was recently announced that most medical bills owed would be taken off of credit reports in July 2022.
Bills worth less that $500 will not be reported at all beginning in 2023.
Insured consumers are protected from unexpected medical debt under the No Surprises Act.
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