Chronic medical issues are often quite disruptive not only in the person’s life, but also on their finances.

“Your ability to work changes, often in a way and timeframe that we did not predict” says Rocketa Naron, licensed marriage and family therapist specializing in medical family therapy in San Antonio, TX. “People’s roles often shift as the illness progresses. The ‘provider’ of the household may shift to needing care, the responsibility of running the household may shift to people who have never been in that role before. This puts huge financial and emotional burden on the caregiver, who is now juggling caring for their loved one and trying to keep the household intact.”

When illness enters the family, whether chronic or acute, it is important to stay vigilant about both the incoming bills and the new life roles.

Here are some ways that you can do both:

1. Review Your Medical Bills Carefully: Begin by carefully reviewing all your medical bills to ensure their accuracy. Mistakes can happen, leading to overcharges or billing for services you didn't receive. If you spot any errors, be sure to contact the healthcare provider or billing department to rectify them promptly.

2. Negotiate Payment Plans: Don't hesitate to reach out to your healthcare provider or the billing department to discuss setting up a payment plan. Many providers are willing to work with patients facing financial hardships. By negotiating a realistic payment plan, you can spread out your payments over time, making it more manageable to settle your medical debt.

3. Seek Financial Assistance Programs: Research any financial assistance programs available to help individuals struggling with medical debt. Some hospitals and healthcare facilities offer financial aid or charity care programs based on income levels. Additionally, there may be local community resources or non-profit organizations that provide support for individuals burdened by medical expenses. Don't hesitate to explore these options to alleviate the financial strain caused by medical debt.

4. Discuss New Roles with the Family: Include extended family and friends in the conversation about the shifting responsibilities in the household. This can include budgetary changes, as well as emotional needs shifting. Friends and family can help by offering respite care time and with the tasks listed above regarding medical expenses.

Remember, dealing with medical debt and a new chronic illness can be overwhelming, but taking proactive steps such as reviewing bills, negotiating payment plans, and seeking financial assistance can help you navigate this challenging situation more effectively.

If you, or someone you know, needs help navigating these conversations, give me a call. I am a Licensed Marriage & Family Therapist who works with couples, families, and individuals to communicate effectively and lovingly about money. If I can’t help you, I’ll help you find someone who can!

Available in to help people in Florida or Texas!

Email: DrZepeda@FinancialTherapyTexas.com

Phone: 713-291-9553

Make Money Conversations Easy…