A consolidation loan can clear out your debt with Uncle Sam to help you avoid tax penalties and other repercussions.By using debt consolidation loans, you can save considerably — sometimes up to 40 percent of the total debt.Debt consolidation can take many forms, including a personal loan, a balance-transfer credit card, a home equity line of credit (HELOC) and a debt management plan, among others.No matter what strategy suits you best, the idea is the same: Lump together all or most of your debts into a single payment as a way to save money, simplify your finances … For example, if you have multiple high-interest credit card debts and outstanding medical bills, you may want to take out a personal loan to repay those debts.Medicare beneficiaries can either be in a Part A covered SNF stay which includes medical services as well as room and board, or they can be in a Part B non-covered SNF stay in which the Part A benefits are exhausted, but certain medical services are still covered though room and board is not.The consolidated billing requirement confers on the SNF the billing responsibility for the entire package of care that residents receive during a covered Part A SNF stay and physical, occupational, and speech therapy services received during a non-covered stay.Something has to change, and you’re considering debt consolidation because of the allure of one easy payment and the promise of lower interest rates.
The stakes are even higher when you have unpaid taxes.
These bundled services had to be billed by the SNF to the Part A MAC in a consolidated bill.
No longer would entities that provided these services to beneficiaries in a SNF stay be able to bill separately for those services.
Eliminating late payments and fees which can be harmful to your credit score.
Collections agencies are calling (or they’re about to be).