Medical Debt Financing
Find your best consolidation option for medical debt relief
Your health is your most important asset, and you can’t always plan for the biggest costs, like surgery, hospital stays, medical equipment, and home health care. Before you know it, you may be over your head in medical bills.
Medical Expenses Covered
Medical expenses can range from those not covered by insurance to co-pays, deductibles, and directly billed medical costs. If your medical debt is beyond your means to pay, seeking assistance is perfectly understandable. You are not alone! In fact, medical expenses account for more than 60 percent of personal bankruptcies in the U.S. And the majority of those filing for medical expense-related bankruptcy had some kind of health insurance.
Once you seek our help, we can determine how to assist you to cover many of these expenses. Depending on your specific financial situation, we may recommend one of a number of different options. Financing options may include a Health Improvement Loan, a lower-rate credit card, a Home Equity Loan or Line of Credit, or a Personal Loan. Ask us how we can evaluate your expenses, budget, and financial standing, and help you determine the best approach for you.
If you qualify for a Health Improvement Loan, the types of expenses covered include:
- Dental, medical, or vision expenses1
- Physician’s charges, including well visits
- Hospital bills, including supplies
- Medical equipment
- Over-the-counter medicines and home health/medical supplies3
Surgery and Medical Billing Help
When you speak with a Financial Services Representative, we will start by learning more about you and your personal situation. In addition to your medical debt, including both current and known ongoing expenses, we will look at your financial standing, from debt to your income and ability to handle payments in an affordable way. Above all, we want to improve your financial situation in a way that allows you to live a positive financial life going forward.
Medical Debt Consolidation Plan
Many who apply for a Health Improvement Loan are already in debt, and are paying expenses on everything from multiple credit cards to personal loans or hospital payment plans. We can discuss the possibility of a debt consolidation plan for your expenses, including a medical loan, and work out your options for creating a more manageable debt payment plan.
Begin the road back to financial confidence. Call 315-735-8571 to talk about your options or make an appointment with one of our friendly Member service representatives today.
Interested In Learning More?
To see the different types of debt services available to our Members, visit our Debt Consolidation overview page.