Business & Finance

Hi, I got a bill from Medical Eye Care to pay some money that insurance couldn't cover. But I can't find any date that I am supposed to pay, it says PLEASE PAY THIS AMOUNT, in a small table :
CURRENT OVER 30 DAYS OVER 90 DAYS OVER 120 DAYS
$70.05 $0.00 $0.00 $0.00
any idea when Should I pay ? and is it true what I am thinking about that if I stayed over 120 days without paying, it doesn't matter ? any body knows about how these things work ?

generally its considered a late debt if its more than 60 days, you'll get pissy letters at 30 days.

No, it doesn't mean that if you neglect to pay this bill within 120 days, that it will go away, in fact at that point it goes to a "collection agency" and then starts the "phone calls". It will also impact your Credit Score, as the Medical Eye Care center will call about your account with them. Pay as soon as possible, if you enjoy not having your integrity questioned and your credit rating blown away.

Anything over 30 days from the invoice date is considered delinquent and will be reported as such on your credit report.

The short answer is that if the bill does not list a due date, it is considered due immediately...giving you between 15 and 30 days to pay the balance before someone starts getting angry with you.

The long answer is that billing in the medical industry is a little off normal. Most of the time anything that is processed through insurance has a lag: the medical industry will not usually try to collect anything but copays until the claim has processed by your insurance company, which can take months. This is true even though, technically, your part of the bill is probably due within 30 days of your visit. So, the bottom line is that once your balance due is clear (after the insurance company pays) your payment is due "right now."

Unless otherwise stated on the bill, you have 30 days from the date on the bill to provide payment.

If it doesn't say "Current", it is already late and can have late fees and fines attached.

If you can't pay, you NEED to send them a letter stating such and ask if there is a way to provide payments and defer any fees, fines, or interest.

As described, the bill you have in your hand was due the first week of November.

So, in simple terms... The bill is due RIGHT THIS SECOND. No ifs, ands, or buts.

Pay them or negotiate a payment plan.

Your due date is probably 30 days. That's the general time-line. Those over 30 days, over 90 days, over 120 days are the company's terms for accounting to know how over due the bill is. If yours isn't in any of those categories then you have about 30 days till it is due. Because your next bill will probably have your $70.05 in the part that says over 30 days. I would call them and ask if they charge interest if you can not pay it in time.

it is due immediately. anything amount not in "current" is considered past due.

Yes because of inflation, the prices would need to stay constant in order to have an unlimited amount of time to pay