${site.data.firmName}${SEMFirmNameAlt}
New Mexico Lawyers Serving New Mexico's Legal Needs Since 1997

Legal counsel can help determine how to handle medical debt

It is common knowledge that many people are shouldering staggeringly heavy medical debt, especially as premiums and deductibles get higher and higher. We have posted blogs about medical debt and bankruptcy in the past, but unfortunately individuals and families continue to face financial strain because of high health care bills.

No matter how careful a person or family is with money, health problems are not predictable and few have the kind of money saved that would adequately cover medical emergencies. Many are still in financial recovery from job losses in the recent recession and sudden medical costs can again set back hard-fought financial recovery.

A recent article in Becker Hospital Review surveyed a variety of data sources about consumer medical debt. Some of the statistics provided include:

· Among the insured, 20 percent report trouble with medical debt and among the uninsured, more than half.

· Of insured individuals with medical-debt trouble, about one-quarter cited unexpected claim denials and about one-third cited out-of-network medical care that was not covered.

· Private insurance holders with higher deductibles are at greater risk of medical-debt problems.

· Among both insured and uninsured consumers with medical-debt problems, about one-third had at least $5,000 in medical debt, including 13 percent with at least $10,000 in medical debt.

Any New Mexican facing problematic levels of medical debt should speak with an attorney to learn about what legal options may be available. For example, a medical provider may be willing to set up a reasonable payment plan or even reduce the amount of debt in exchange for a lump sum payment. Legal counsel can also help the consumer examine whether bankruptcy is a potential option under the circumstances.

In Albuquerque and throughout New Mexico, the law firm of Giddens, Gatton & Jacobus has bankruptcy attorneys who offer expert handling of Chapter 7, Chapter 11, Chapter 12 and Chapter 13 bankruptcy cases and can specifically provide advice as to bankruptcy and its alternatives.

We represent many debtors and creditors in Albuquerque, Santa Fe, Las Cruces, Taos, Raton, Farmington, Gallup, Grants, Roswell, Los Lunas, Placitas, Belen and the rest of New Mexico. Contact Giddens, Gatton & Jacobus, P.C., at (505) 273-3720 to set up an appointment or visit the firm's website at giddenslaw.com. Giddens, Gatton & Jacobus, P.C., is located at 10400 Academy Road N.E., Suite 350 in Albuquerque, New Mexico.

No Comments

Leave a comment
Comment Information

Watch our videos to learn of the many ways we can help you with your legal needs.

Email Us For A Response

How can We Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Firm Location:

Giddens, Gatton & Jacobus, P.C.
10400 Academy Road NE
Suite 350
Albuquerque, NM 87111

Phone: 505-273-3720
Fax: 505-271-4848
Map & Directions

Firm Numbers:

  • facebook
  • linkedin
  • gplus
  • twitter
Review Us