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If you don't pay your medical bills, your healthcare provider may sell the debt to a collections agency, which may then try to collect on the debt. However, medical debt doesn't necessarily impact your credit score, even if it goes to a debt collection agency.
By enacting the Medical Debt Relief Act, not-for-profit organizations will be contracted to purchase the debt of eligible New York residents and cancel the money they owe, helping to keep residents out of debt while resolving payments to hospitals.
The Executive Budget added § 213-d to New York's Civil Practice Law and Rules to reduce the statute of limitations for bringing an action to recover a medical debt from six (6) to three (3) years.
JUSTIFICATION: This bill would clarify and simplify medical billing, protect patients from medical debt, and update New York's landmark surprise billing law to provide additional consumer protections for out of network charges.
Our financial counselors can help you apply for health insurance coverage or financial assistance. Call 1-844-692-4692 and select option 3 to speak to a financial counselor. NYC Health + Hospitals provides health care for everyone. We respect the rights and privacy of all patients including people who are undocumented.
In addition, after April 2023, medical collections under $500 would no longer appear on consumer credit reports. These changes could affect the many aspects of people's lives that are tied to their credit histories.
Under the new law, health care providers and certain facilities cannot bill patients for more than their in-network co-payment, co-insurance, or deductible for certain surprise bills ? that is, when patients unexpectedly receive care from out-of-network hospitals, doctors, or other providers that they did not choose, ...
S4907 Summary Prohibits medical debt from being collected by a consumer reporting agency or included in a consumer report and prohibits medical service providers from reporting medical debt directly or indirectly to a consumer reporting agency.