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How to know if your medical debt is eligible for forgiveness WFTV [Video]

Categories
Dementia and Alzheimer's Legal and Financial Planning

ORLANDO, Fla. — Over 50% of all debt sitting with third-party collection agencies is medical debt.

In many cases, that debt could have been forgiven by the provider.

Consumer adviser Clark Howard explains why millions of people are still on the hook for medical debt, even though so much of it is eligible for forgiveness.

It’s because of something you may not know about; it’s called “charity care.”

Watch: Clark Howard: This process could save you big on your home energy costs

It’s required by law of nonprofit hospitals, and you wouldn’t believe how likely you are to qualify for it if you need it.

“I knew that I had cancer in December. That’s when I got my diagnosis. And my breast cancer is triple negative,” said breast cancer patient Rene Coker.

Coker’s cancer diagnosis is more than a physical burden; like millions of others, it’s also a financial burden.

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