If you are dealing with a loved one’s medical bills after death, just give us a call to get the solutions you are looking for.
Our team at Morgan & Partners Inc. has over 25 years of experience in the financial planning industry, and we are dedicated to helping our customers find effective, workable solutions to all their financial woes. In particular, we have extensive experience in dealing with bankruptcy and debt management, and you can turn to us for help to get out of just about any bad financial situation. Over the years, many people have come to us for advice about how to deal with a loved one’s outstanding medical bills following their death, and we have helped them deal with this issue and find peace of mind.
If you are dealing with a loved one’s medical bills after death, our team is here to help. In most cases, these bills will be paid for out of the deceased’s assets—in other words, the money to cover these bills will come out of the person’s estate, either directly from the person’s bank account or out of the proceeds from the sale of their assets. In cases where your loved one’s assets are not enough to cover those bills, our team can help you find a solution that prevents you from falling into debt as well.
We are proud to serve Barrie and surrounding Central Ontario communities, and we offer the knowledgeable, compassionate financial services you need to get yourself out of any bad financial situation and move toward financial stability. If you have inherited a loved one’s medical bills after their death, give our team a call to find out what we can do to help you deal with this situation.
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FAQs About Medical Bills After Death
Losing a family member is difficult enough without worrying about how you will be able to pay their remaining medical bills. If they were very sick before passing away, those bills may be very overwhelming and leave you feeling hopeless. However, we have the expertise to help you find a way to pay medical bills after death, and we hope we can ease your mind by answering some frequently asked questions about the topic below. Please contact us if you have other questions.
In which cases are family members responsible for paying a deceased person’s medical bills?
In most cases, deceased person’s medical debts are not transferred to their beneficiaries after death, and those outstanding medical bills will be paid for by their estate in most cases. However, there are still a few situations in which that responsibility may fall on your shoulders as a family member. If you have co-signed or guaranteed the debts, for example, you might be held responsible for those payments. We encourage you to seek legal advice if you end up in this situation, as there are exceptions.
How are the medical bills paid for by the estate?
How does medical insurance come into play?
It’s difficult to say. If the deceased person had medical insurance, you will need to contact their insurance provider to find out what is covered. Some or all the debts may be covered.
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At Morgan & Partners Inc., we help those dealing with a loved one’s medical bills after death in Barrie, Brampton, Guelph, Innisfil, Newmarket, Orillia, Milton, Gravenhurst, Toronto, and Muskoka, Ontario.