Understanding Medical Bills and Debt Management

What is the leading cause of bankruptcy in the US?

• Medical debt

• Mortgage defaults

• Student loans

• Credit card debt

What is the first step you should take when you receive a medical bill?

• Ignore it

• Call a lawyer

• Pay it immediately

• Read the details carefully

What percentage of medical bills are estimated to have errors?

• 100%

• 50%

• 20%

• 80%

What should you avoid doing when you can't afford a medical bill?

• Asking for charity care

• Paying with a credit card

• Setting up a payment plan

• Requesting an itemized bill

What is charity care?

• A government grant

• A loan from the hospital

• A financial assistance program

• A type of insurance

How long do debt collectors have to wait before reporting medical debt?

• 30 days

• 365 days

• 90 days

• 180 days

What is a potential outcome of ignoring medical debt?

• Debt forgiveness

• Immediate jail time

• A lawsuit

• Increased credit score

Which program should you apply for before seeking charity care?

• Social Security

• Medicaid

• Medicare

• Unemployment benefits

Which nonprofit organization can help with medical debt?

• Undo Medical Debt

• All of the above

• Patient Advocate Foundation

• Dollar

What is the most important thing to remember about medical debt?

• It is a common issue

• It is a personal failure

• It is easy to resolve

• It is not a big deal