Statute of limitations on medical debt, bills : Bad Credit Advisor

Statute of limitations on medical debt, bills

Medical debt is classified as closed-ended credit contract with a definite pay off time limit. Unless you have a separate agreement with your provider, medical debts are usually payable at the time services are rendered or, in some cases within 30 days. In every state save Arkansas and Rhode Island, medical debts fall under statute of limitations Written Contract category. In Arkansas however, medical debt statute is 2 years from the date services were provided or from the date of the most recent partial payment for the services, whichever is later. Rhode Island specifically sets 1 year statute on hospital liens. Make sure if a hospital lien includes attending physician services?

Medical debts and bills fall under the Fair Debt Collection Practices Act because medical debt is a debt by definition.
The debt is a consumer's obligation to pay money arising out of a transaction in which the money, property, insurance, or services are primarily for personal, family, or household purposes, including overdue obligations such as medical bills that were originally payable in full within a certain time period. And paying medical bills is your, the consumer's obligation, not that of insurance company. You doctor or hospital are not required to bill your insurance company. You are responsible for all your medical expenses, and must ensure that your insurance company is billed in a timely manner and correctly. So it is very important to follow up to verify if all bills are fully paid. That's about it on statute of limitations on medical debt.

Thu Nov 6, 2008 02:11PM by Tony | More in Debt Relief | Comments (0)

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