Navigating Medical Financial Hardship

Unexpected medical expenses can be tough on any budget.

The last thing you want to think about while navigating medical hardship is money, but getting a handle on your finances and medical expenses is vital. Watch this video to learn how Regions can help ease the burden and stress medical expenses can cause by providing financial advice and solutions to help make your life easier. That way, you can focus on what's most important: taking care of your health or that of a loved one.

Navigating Medical Expenses Courses

Take these short, interactive courses to learn tips about managing large medical bills and unplanned healthcare costs.

Stay in Control of Your Finances

Medical hardship — and the abrupt, sudden stress that ensues — is hard to predict and plan for. The following resources can help you regain a sense of control over your finances.

Unplanned Medical Expenses

Medical debt can sometimes feel overwhelming. These tips can help make doctors’ bills and other healthcare-related expenses more manageable.

Reach Out for Support

Even though health problems and medical expenses can seem overwhelming, you’re not alone. Regions bankers are available to help every step of the way, from helping you navigate the financial impact of medical bills to reviewing your financial plan. Here are some things to discuss with your banker:

  • Planning for gaps in income
  • Managing new and existing debt
  • Automating bill payments and reviewing authorized signers
  • Gathering documents and account details
  • Updating your current estate plan
  • Establishing a medical emergency fund

Surprise Medical Bills

Get informed about rights helping protect you from surprise medical bills, understand costs before receiving health care, and learn how to navigate payment disagreements between providers, facilities, and health plans.

Advice on Preparing for the Unexpected

Navigating complicated financial matters is no easy feat. In this podcast, recorded before a live audience in Tampa, Florida, Stephanie Stanfield, SVP and West Florida Area Wealth Executive at Regions Bank, discusses how to prepare for the unexpected and take control when medical hardships arise.

Legacy Planning Resources

Estate and legacy planning can be tough, but both are important as you plan ahead for and with your loved ones. Explore these resources to learn more.

Financial Hardship Downloadable Resources

Your planning and organizational needs may change during a serious illness. In her podcast, Stephanie references these three documents, which she found helpful during her experience.

Organizing Your Finances

Your financial plan may look very different than it did prior to your diagnosis. These worksheets can help you organize your information prior to meeting with a banker.

Legacy Planning Checklist

This checklist can help make matters of paperwork less complicated for your loved ones. Included are instructions for funeral and burial plans, locations of important documents and assets, contact information of attorneys and other relevant advisors, and financial and insurance information your loved ones will need.

Surviving Spouse Checklist

Losing your spouse is an emotionally devastating experience. This checklist provides considerations and items that should be reviewed after such a loss, including initial tasks, tasks to be completed within six months, and tasks to be completed within one year.

Spotting the Signs: Protecting Against Elder Financial Exploitation AVAILABLE ON-DEMAND

As more than 10,000 Americans turn 65 everyday, keeping seniors safe from financial abuse is increasingly important. For many seniors, identifying and reporting financial abuse isn’t easy. In this on-demand webinar, we’ll identify some of the ways to help seniors avoid exploitation through preventive practices, monitoring accounts and investments, identifying a trustworthy power of attorney, and more.

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More Financial Resources from Regions Next Step

Looking for tips and tools for reaching your financial goals? Next Step’s online collection is full of articles, podcasts, worksheets, calculators and other useful resources to help you break your plans down into manageable and achievable steps.