Fisher Medical Debt Solutions

01/13/2025

This isn't my Church but this is an amazing way to show love for others.

Debt Jubilee Project helps retire millions in medical debt Who would think that you could buy medical debt for a penny on the dollar? It’s crazy. But Trinity Moravian Church has done it – and is going to keep doing it! Medical debt is a major issue in our country. Most bankruptcies are the resul...

01/13/2025

If you have medical debt on your credit report, you should read this:

Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.

12/24/2024

If you feel like your insurance company should pay a claim but they won't, you have options.

The most effective is to hire a public adjuster. They usually charge 10% of the difference between the claim total and what the insurance company paid. So, if you have a $5,000 claim and they only paid $2000, you would pay 10% of $3000, which would be $300. I know this is an added cost, but this is the price to ensure your claim is paid. Check with your public adjuster for their cost.

Public adjusters come out, inspect the property, take photo documentation, provide an estimate, and then file a claim against your insurance. Then you wait 3 months for your insurance to make a decision. They can still deny the claim after the public adjuster sends them paperwork. Then, an attorney can get involved to sue your insurance, but this is very rare.

Hiring a public adjuster can have consequences. Your insurance can fire you at renewal time. They will stop talking to you about your claim and only speak to the adjuster.

I know hiring a public adjuster is an added cost and might seem like overkill. You shouldn't have to force your insurance to pay but as the claim gets bigger, they will attempt to nickel and dime you out of money. A $5000 claim can be ridiculously slashed in half. With a bigger claim, they will attempt to reduce their accountability by reducing the price of things needing to be replaced. Recently we saw them deny replacing nail down, hand sanded floors. These floors are expensive as they are created personally for the home they are installed in. They wanted to only pay for regular wood floors. It was a difference of over $20000. That is huge.

Public adjusters usually only work on home and car claims, but I have heard of a limited few who handle medical claims.

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12/19/2024

Ask your insurance, health, car or home, if they use a TPA (third-party administrator). Car and home insurance companies use TPAs to save them money, but this does not save you money. In fact, TPAs can cost you money and time. They can also prevent you from resolving your claims. Be very firm with your insurance company that you don't want a TPA or TPA vendor involved at any point in your claim.

In the State of Texas, you have the right to choose anyone to fix your car or your home. If you have a car or home claim, do not use your insurance TPA vendor to fix anything you need fixed. TPAs are hired by the insurance to cut costs, and that is precisely what they do for the insurance AT YOUR EXPENSE. They slow down the process and returning you to "normal" to save money for the insurance. They are "gatekeepers" that make it difficult to pass. In fact, if they slow down the process it can often make things worse for you.

This isn't the case with health insurance; if you want your insurance to pay, you must use network providers. TPAs are used in healthcare to ensure certain things are completed before you can gain access to next-level care. For example, if you need an MRI, other services are often required before getting your MRI. This slows down treatment and frequently leaves you in pain or discomfort.

Insurance companies work for you. You pay the premiums (and they are going up right now, aren't they?). It pays to know your multiple policies - home, health and car insurance. It pays to shop around to get the best coverage for the cheapest price.

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12/09/2024

Today I have the opportunity to look at someone's home insurance claim for water damage. This bill was about $8,000. I added up the columns that the insurance wanted to pay and noticed a large difference. I reached out to the adjuster and told the adjuster that they had left something off the claim. The adjuster swore up and down that they had not made a mistake. I whipped out my calculator and come to find out he had made a $2,000 mistake from a quote unquote glitch in the system.

Never take the first answer if it seems low on any kind of insurance claim. Their job is to pay as little as possible. My job is to get them to pay as much as possible.

09/11/2024

Did you know know there is a way to remove medical debt from your credit report boosting your credit rating? Reach out to learn how.

08/24/2024

I always recommend this if you can afford it.

Burgeoning data highlights that in the US, health insurance and insurance bills are of the biggest barriers to medical care. However, there is an alternative.

08/23/2024

I know why people go to managed Medicare BUT if you care about our older generation, didn't let them switch.

https://www.facebook.com/share/r/YztM3NFn7V5fBsc4/?mibextid=D5vuiz

08/23/2024

That is a lot of people. Are you one of them?

Fund survey data reveal that many people are struggling to pay their medical bills and have accumulated medical debt over time. In fact, two of five working-age Americans have medical bill problems or are paying off medical debt.

08/21/2024

Never trust your medical bills. Ever!

Medical billing errors are a common problem that can be extremely costly for consumers, unless those errors are discovered and corrected before payment.