Settlements for Medical Bills

Kristin asks Dave if hospitals will take settlements for medical bills.

QUESTION: Kristin asks if hospitals will take settlements for medical bills.

ANSWER: Most past-due bills will take a settlement and medical bills will usually take a settlement for pennies on the dollar since they’ve gotten most of their money from the insurance companies.  Go to them with the $1,000 you still owe them, tell them you’ve got $250, and they’ll most likely take it.  Just make sure you get the settlement agreement in writing.