180 Day Waiting Period Credit Repair Nerds Wisconsin

New York Attorney General Eric T. Schneiderman has forged an agreement with the Credit Bureaus (Experian, Trans Union, Equifax) to improve their collection, storage , and reporting of medical debt.  The Credit Bureaus were educated on their system as it relates to the health insurance industry. 

Consumers today have 2 or more insurance plans participating in the payment of their medical invoices generated from health care visits.  Medicare, Medicaid, Private insurance, Gap health plans, Drug plans, Advantage plans, all posture to determine their share of the medical invoice and make the payment.  Posturing is an insurance industry description of the health plans determining the order in which the payers are to pay on the invoice.  Health plans can present to the consumer in disagreement of who the primary - first payer is.  The consumer's share is typically determined after the health plans submit payment.  Any appeal of the health insurance plans participation can make this process longer.

Credit Bureaus after reviewing the length of time insurance plans can take to pay on medical invoices, have agreed to form a new guideline standard.  The Credit Bureaus have agreed upon a 180 day waiting period before reporting medical debt.  This gives lenders an easier understanding of the actual credit report.  Prior to this lenders seeking an accurate picture were challenged to identify where in the claims process the medical debt was.



Credit Repair

  Nerds Wisconsin https://homecarepath.sharepoint.com/Pages/CreditRepairNerdsWisconsin.aspx  works with a consumers credit information to fix reported history and improve scores.  We are in the business of managing your credit report to improve your borrowing outcome.

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 Home Care Path  www.homecarepath.com and the Wisconsin PATH ALONG model deliver an advanced supportive care service.  Helping seniors in the home, with clinic visits, at the hospital, nursing home and assisted living facility.  Helping seniors downsize with a move in to an adult child's home. 2015 rates are 20.00 per hour.  Simply call 608-432-4286 to schedule an interview.  We can be there when you are working.  We accept long term care insurance.  Services can be tax deductible.  Help with resources and the transition from private payment to public funded programming.  Valuing home and human life