Free registration is required to access these resources. Login or Register.

Premium compliance products are also available in the insideARM Store

A bill introduced in the U.S. House of Representatives Friday would give patients behind on medical bills up to 120 days to work with debt collectors before the debt shows up on the consumer’s credit report.

Called the Accuracy in Reporting Medical Debt Act (H.R. 2211), the bipartisan bill was written and submitted by Rep. Gary Miller (R-Calif.) and is co-sponsored by Rep. Carolyn McCarthy (D-N.Y.).

H.R. 2211 would allow patients a 120-day grace period to deal with debt collectors that contact them seeking payment on delinquent medical debt. Specifically, a consumer would need to provide proof to the debt collector that they are contesting the debt, working with a medical provider or insurance company to resolve the account, or have applied for financial assistance.

If the consumer meets these requirements, the collection agency is barred from reporting the debt to the three major credit reporting firms – Equifax, Experian, and TransUnion – for 120 days.

The bill is similar to Senate efforts to remove medical debt from credit reports 45 days after repayment. But the new bill specifically targets medical debt collectors as it amends the Fair Debt Collection Practices Act (FDCPA) rather than the Fair Credit Reporting Act (FCRA).

For more on how the new law would work, check out the coverage on our sister publication insidePatientFinance.com.


Related Products

Negotiating Service Contracts: Revenue Cycle Management Edition Thumbnail

Negotiating Service Contracts: Revenue Cycle Management Edition

This reference guide has practical information that you can use that will help you choose the right revenue cycle management partner, and, over time, limit your company’s regulatory exposure and reduce the overall cost of litigation.

Revenue Cycle Management Law Overview Thumbnail

Revenue Cycle Management Law Overview

This reference guide has practical information that you can use to implement policies and procedures that will help you improve your compliance, and, over time, limit your company’s regulatory exposure and reduce the overall cost of litigation.

Telephone Communication Compliance: The CFPB's Consent Orders Thumbnail

Telephone Communication Compliance: The CFPB's Consent Orders

Our Telephone Communication Compliance: The CFPB’s Consent Orders guide is designed to help debt collectors comply with consent orders that hint at telephone communication violations. The report includes easy-to-understand explanations of each consent order and a comprehensive chart of all relevant consent orders, keeping the information you need right at your fingertips! This paper has been excerpted from insideARM's larger "The CFPB's Consent Orders Regulating the ARM Industry" report, available for sale now.

Staying Compliant – and Out of Court – with the TCPA Thumbnail

Staying Compliant – and Out of Court – with the TCPA

This reference guide distills the information presented in our webinar. It comes complete with a link to the full recording of the webinar – great for use for all-staff trainings and quarterly in-services -- as well as the slide deck and full transcript of the webinar. This guide doesn’t just walk through what agencies should and should not be doing, going forward -- it contains the full Q&A from the webinar, too. (This product is approved for DBA International Certification Credit.)

Advertisement