As of April 2023, medical collection accounts under $500 no longer appear on credit reports. Daniel Rosen warns that one medical visit can create multiple collection accounts—hospital, anesthesiologist, lab—because each provider bills separately. Check each one's balance individually.
That account should not exist on that file, period. Since April 11th, 2023, the bureaus do not report medical collections under $500 at all, paid or unpaid. So if you see a medical collection on a report with a balance that's under $500, that account should not exist on that file, period. And watch for this. A single medical event can get split into multiple collection accounts. Like, say, the hospital charge and the anesthesiologist charge, they report as 2 separate trade lines. And that's not a billing error, that's standard practice. Different providers bill independently for the very same visit. So check each one on its own balance and not the combined total.
