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Ask Dave

Settlements for Medical Bills

Most hospitals will settle old medical bills for pennies on the dollar - just be sure to get the agreement in writing.

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.